Definition, Meaning & Synonyms

approximate value

Noun

/əˈprɒksɪmət ˈvæljuː/

Definition

An estimate or near value that is close to a specific number but not exact.

Examples

The approximate value of 8 divided by 3 is about 2.67.
We can use an approximate value in our calculations if we don’t need an exact figure.
The approximate value of the total cost was calculated to be around $150.

Meaning

Approximate value refers to a number or amount that is close to the actual value but lacks precision. It is often used in mathematical calculations, estimations, or real-world applications where exact figures are not necessary or available.