First we have to determine the time for the bag fall by the kinematic equation,
![s=ut+(1)/(2) g t^(2)](https://img.qammunity.org/2019/formulas/physics/middle-school/c2118z2hpbpnvw3ib9mw413huhus3i2c9i.png)
Here, u is initial velocity which is zero, g is acceleration due to gravity its value is 9.8 m/s2 and s is displacement and its value is given 30 m.
Therefore,
![30 \ m =0* t + (1)/(2) (9.8 m/s^2) t^2 \\\\ t^2= (30)/(4.9) \\\\ t= √(6.1 s) = 2.46 \ s](https://img.qammunity.org/2019/formulas/physics/middle-school/kduly66shewu4dvk0z25cpwserzln1zcod.png)
As sound travels at 340 m/s, so the time for the sound to travel back up the well,
![T = (distance )/(speed) = (30 m)/( 340 m/s) =0.0882 s](https://img.qammunity.org/2019/formulas/physics/middle-school/j0dryr24bp1hr2cxw6lyfv04usfacb9htm.png)
Thus , the splash is heard at
.
Therefore, splash is heard about 2.55 s after the bag is dropped.