Final answer:
Heat flows from the 30 °C iron rod to the 5 °C water until both reach the same temperature, then no further net heat flow occurs.
Step-by-step explanation:
Heat transfer between two substances at different temperatures occurs from the warmer substance to the cooler one until thermal equilibrium is reached. In the scenario where a 30 °C iron rod is placed into water at 5 °C, the heat will flow from the iron to the water until both substances reach the same temperature. This is an example of a calorimetry problem where two bodies at different temperatures exchange heat until they settle at a common temperature. Remember, once equilibrium is reached, there is no further net flow of heat between the iron and the water.