Is this what you after?
$htmlStr = '<td colspan=3>
<p class=5tablebody>
<span style=\'position:relative;top:14.0pt\'>
<img width=300 height=220 src="forMerrin_files/image020.png">
</span>
</p>
</td>';
$doc = new DOMDocument();
$doc->loadHTML($htmlStr);
$paragraphs = $doc->getElementsByTagName('img');
var_dump($paragraphs->item(0)->getAttribute('src'));
Outputs:
string 'forMerrin_files/image020.png' (length=28)