Max value can stored in Java float with two digit precision (2 digit accuracy)?

Question

How I could find max two decimal precision vale that can be stored in float ?

From my understanding, In 32 bit float we have 24(23+1) for storing the number excluding ex

Answer 1

You cannot specify the precision in a float value. If you limit yourself to 2 decimal places, you don't get more space for something else in return.