Back to Financial Mathematics

Rounding, significant figures and percentage error

Questions at easy, medium and hard levels. Pick a level and get a fresh set every time, with instant feedback.

Learn it Percentage error = |approximate − exact| ÷ |exact| × 100%. Significant figures count from the first non-zero digit. An estimate is only as accurate as its least accurate measurement.

Example: A room measured as 4.5 m is really 4.38 m. Percentage error?

  1. |4.5 − 4.38| ÷ 4.38 × 100%
  2. ≈ 2.7%.

Loading questions…