Absolute error: ε = | V - Vapprox |
Then the percent error δ = 100% × ε / V = 100% × | V - Vapprox | / V
For example, Exact value is 4, Approximated value is 3, then δ = 100% × | 4 - 3 | / 4 = 25%. Absolute error = | 4 - 3 | = 1.