Write the use of <IMG> tag in HTML and mention the types of images that can be inserted in a HTML document.

The <IMG> tag is used to add an image in the HTML document. Its syntax is as follows:

<IMG src = "path of image">

HTML can be used to insert images in the following formats:

1. GIF (Graphics Interchange Format)
2. XBM (X Bitmap)
3. JPG or JPEG (Joint Photographic Experts Group)
4. PNG (Portable Network Graphics)