Step 1: Understand the problem. Euler's Method is a numerical technique to approximate solutions to differential equations. The formula for Euler's Method is y_{n+1} = y_n + h * f(t_n, y_n), where h is the step size, and f(t, y) is the derivative y′(t). Here, y′(t) = y/2, the initial condition is y(0) = 2, and the step size is h = 0.2.