Think of an everyday situation in which two objects interact and exert a force on each other. Explain how the interaction can cause energy to be transferred from one object to the other

It's explained below.

Explanation:

An everyday situation is when we raise an object.

Now, when we raise an object, energy is transferred to the Earth object system and thus the gravitational field energy of the system will increase.

Now, this energy is usually released when the object falls. The mechanism of this release is known as gravitational force.

In the same manner, two magnetic and electrically charged objects that are interacting at a distance will exert forces on each other and this can lead to transfer of energy between the interacting objects.