what is the use of
numeric datatype in postgreSQL. As per the reference the following is the explanation given to these datatypes.
decimal,numeric --> It is a user specified precision, exact and range up to 131072 digits before the decimal point and up to 16383 digits after the decimal point.
The above statement shows the description of
numeric datatype. But, still I didn't understand what is the
exact use of these data type and where it is used instead of other datatypes.
Answer with example is much appreciated...