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The approximate value of 37 is 37.
The approximate value of something is an estimate.
Why an approximate value when you know the exact value is 90! To the nearest thousand, for example, it is 0.
The approximate value of the item is $100.00.
Approximate value, is a value that is not necessarily the right answer but, it is the closest one to it.It means that it isn't exact - but close to the exact value.