Let's denote the equilibrium concentrations of A, B, C, and D as [A], [B], [C], and [D] respectively.
Since A and B are reactants, their concentrations decrease by x, so [A] = 0.2 - x and [B] = 0.5 - x.
C and D are products, so their concentrations increase by x, so [C] = x and [D] = x.
We can plug these into the equilibrium expression, which is given as K = [C][D]/[A][B] = 0.3:
0.3 = (x)(x) / ((0.2 - x)(0.5 - x))
Solving this equation for x will give the change in concentration for each substance, and thus the equilibrium concentrations. However, this equation is a quadratic and may require the quadratic formula to solve.