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Usage of Float,Double and Decimal Data Types in MySql

When we start developing a database, we have to use the most appropriate data types for all the columns to store data values of the respective tables in it. For dealing with the floating type data values, most of the times, we get confused about which data type to go for, as we have Float, Decimal and Double as well. I, myself, as a new DBA, got confused about the usage of the same. So, i have re-searched through some websites over internet and have concluded some facts about these data types' usage. i want to share my experience with all of you.