The answer is 3.1E-3 and there is something wrong with the OP's question. It has no answer represented in the multiple choice questions. All the answer choices have a Sqrt() function, but there will be no Sqrt() function if you assume the Ksp to be so small that only a neglibile amount dissolves. If you consider the Ksp to be large enough that a considerable amount dissolves then you have no choice but to use the quadratic formula. The DAT won't require you to use the quadratic formula on a gen chem question, or any question for that matter.
Case 1: Ksp is very small and amount dissolved is negligible (this is always the case for the DAT, and any gen chem class actually)
First you write out the equation
AgIO3(s) -> Ag+(aq) + IO3-(aq)
Now write out the Ksp equation. Remember Ksp is just another equilibrium constant like K and is calculated through [products]/[reactants], but in this case the reactant is a pure solid and can b e ignored
Ksp = [products]
Since they told you the Ksp is 3.1E-8 you can just replace Ksp with that value. The concentration of Ag+ and IO3- are unkown, but equal to each other because when one molecule of AgIO3 dissolves it produces an equal amount of both. However, note that you have an additional source of IO3-(aq) brought in by the addition of 1 liter of a 10^-5M solution of NaIO3. This will add 1E-5 to the IO3- side
3.1E-8 = [x][x + 1E-5]
Now, x (the amount that dissolves) is considered very small (small Ksp) so x + 1E-5 is very close to 1E-5. Therefore
3.1E-8 = [x][1E-5]
3.1E-3=[x]
So there we have it, 3.1E-3 moles will dissolve in 1 liter of this solution.
Case 2: Amount dissolved is not negligible (would never happen on the DAT, but let us entertain the idea anyway)
AgIO3(s) -> Ag+(aq) + IO3-(aq)
Ksp = [products]
3.1E-8 = [x][x + 1E-5]
3.1E-8 = x^2 + xE-5
0 = x^2 + xE-5 - 3.1E-8
Now we must use the quadratic formula
a = 1
b = 1E-5
c = -3.1E-8
x = (-1E-5 +- Sqrt(1E-10 - -1.24E-7))/2
x = (-1E-5 +- Sqrt(1.241E-7))/2... this does not even remotely match any of the answer choices
Solving...
x = (-1E-5 +- 3.523E-4)/2
x = 1.716E-4 and x = -1.812E-4
Of these, you will obviously take the positive one and x = 1.716E-4. All this is a mute point because the DAT will never require you to go through this second case.