Please send me answer in type form strictly prohibited handwritten solution don't use chatgpt Or copied content show your own work with step by step explanation specially mentioned formula and concept properly.

You are told that P(A)=0.5, P(B)=0.3 and P(A or B)=0.68 What is the value of P(A and B)? Please provide your answer in decimal form or percentage form, correctly rounded to two decimal places. If using percentage form, please do NOT include the % symbol.