Description: The ‘NUMERIC(10,2)’ data type in MySQL is a definition that allows storing numbers with specific precision. This data type can contain up to 10 digits in total, of which 2 can be located after the decimal point. This means that values can range from -99999999.99 to 99999999.99, making it ideal for representing monetary amounts or any other type of data that requires decimal precision. Choosing this data type is crucial in database design, as it ensures that calculations and arithmetic operations are performed with the necessary precision, avoiding errors that could arise from using less precise data types. Additionally, ‘NUMERIC’ is a data type that adheres to precision and scale standards, meaning that the number of digits stored and how they are presented can be controlled. This feature is especially useful in applications that require accuracy in numerical data management. In summary, ‘NUMERIC(10,2)’ is a versatile and precise data type that plays an essential role in managing numerical data in relational database systems.
