Answer: The buoyant force acting upwards on the crate is smaller than the downward force of gravity on the crate. The crate will sink and accelerate downwards
Explanation:
At any moment, while the crate remains submerged in water, there are two external forces acting on the crate: the gravity force (in this case, 30 N), that aims always downward, and the buoyant force, due to the water removed by the crate while it is being submerged, which is always upwards.
As in this case the buoyant force is smaller than the weight of the crate, there is a net force pointing downward, causing the object to sink and accelerate downwards in order to be compliant with Newton's 2nd Law.