diff --git a/lib/decimal.ex b/lib/decimal.ex
index dfbb67d..69e33a9 100644
--- a/lib/decimal.ex
+++ b/lib/decimal.ex
@@ -79,6 +79,9 @@ defmodule Decimal do
           | :rounded
           | :inexact
 
+  @type compare_result ::
+          :lt | :gt | :eq
+
   @typedoc """
   Rounding algorithm.
 
@@ -302,6 +305,43 @@ defmodule Decimal do
     sub(decimal(num1), decimal(num2))
   end
 
+  @doc """
+  Compares two numbers numerically using a threshold. If the first number added
+  to the threshold is greater than the second number, and the first number
+  subtracted by the threshold is smaller than the second number, then the two
+  numbers are considered equal.
+
+  ## Examples
+
+      iex> Decimal.compare("1.1", 1, "0.2")
+      :eq
+
+      iex> Decimal.compare("1.2", 1, "0.1")
+      :gt
+
+      iex> Decimal.compare("1.0", "1.2", "0.1")
+      :lt
+  """
+  @spec compare(decimal :: decimal(), decimal :: decimal(), threshold :: decimal()) ::
+          compare_result()
+
+  def compare(_, _, %Decimal{sign: -1}), do: raise(Error, reason: "threshold cannot be negative")
+
+  def compare(%Decimal{} = n1, %Decimal{} = n2, %Decimal{} = threshold) do
+    add_threshold = n1 |> Decimal.add(threshold)
+    sub_threshold = n1 |> Decimal.sub(threshold)
+    case1 = compare(add_threshold, n2)
+    case2 = compare(sub_threshold, n2)
+
+    cond do
+      (case1 == :gt or case1 == :eq) and (case2 == :lt or case2 == :eq) -> :eq
+      case1 == :gt -> :gt
+      case2 == :lt -> :lt
+    end
+  end
+
+  def compare(n1, n2, threshold), do: compare(decimal(n1), decimal(n2), decimal(threshold))
+
   @doc """
   Compares two numbers numerically. If the first number is greater than the second
   `:gt` is returned, if less than `:lt` is returned, if both numbers are equal
@@ -318,7 +358,7 @@ defmodule Decimal do
       :gt
 
   """
-  @spec compare(decimal, decimal) :: :lt | :gt | :eq
+  @spec compare(decimal, decimal) :: compare_result()
   def compare(%Decimal{coef: :inf, sign: sign}, %Decimal{coef: :inf, sign: sign}),
     do: :eq
 
@@ -446,6 +486,29 @@ defmodule Decimal do
   def eq?(_num1, %Decimal{coef: :NaN}), do: false
   def eq?(num1, num2), do: compare(num1, num2) == :eq
 
+  @doc """
+  It compares the equality of two numbers. If the second number is within
+  the range of first - threshold and first + threshold, it returns true;
+  otherwise, it returns false.
+
+  ## Examples
+
+      iex> Decimal.eq?("1.0", 1, "0")
+      true
+
+      iex> Decimal.eq?("1.2", 1, "0.1")
+      false
+
+      iex> Decimal.eq?("1.2", 1, "0.2")
+      true
+
+      iex> Decimal.eq?(1, -1, "0.0")
+      false
+
+  """
+  @spec eq?(decimal :: decimal(), decimal :: decimal(), thresrold :: decimal()) :: boolean()
+  def eq?(num1, num2, thresrold), do: compare(num1, num2, thresrold) == :eq
+
   @doc """
   Compares two numbers numerically and returns `true` if the first argument
   is greater than the second, otherwise `false`. If one the operands is a
diff --git a/test/decimal_test.exs b/test/decimal_test.exs
index 1651bc6..87d9a04 100644
--- a/test/decimal_test.exs
+++ b/test/decimal_test.exs
@@ -259,6 +259,24 @@ defmodule DecimalTest do
     end
   end
 
+  test "compare/3" do
+    assert Decimal.compare(~d"420.5", ~d"42e1", "0.5") == :eq
+    assert Decimal.compare(~d"420.5", ~d"42e1", "0.2") == :gt
+
+    assert_raise Error, fn ->
+      Decimal.compare(~d"420.5", ~d"42e1", "-0.2")
+    end
+
+    assert Decimal.compare(~d"1", ~d"0", "0") == :gt
+
+    assert Decimal.compare(~d"-inf", ~d"inf", "100") == :lt
+    assert Decimal.compare(~d"inf", ~d"-inf", "0") == :gt
+    assert Decimal.compare(~d"0", ~d"inf", "1000000") == :lt
+
+    assert Decimal.compare(~d"0.123", ~d"0", "0") == :gt
+    assert Decimal.compare(~d"0.123", ~d"0", "0.2") == :eq
+  end
+
   test "equal?/2" do
     assert Decimal.equal?(~d"420", ~d"42e1")
     refute Decimal.equal?(~d"1", ~d"0")
@@ -277,6 +295,16 @@ defmodule DecimalTest do
     refute Decimal.eq?(~d"1", ~d"nan")
   end
 
+  test "eq/3?" do
+    assert Decimal.eq?(~d"420", ~d"42e1", ~d"0")
+    assert Decimal.eq?(~d"1", ~d"0", ~d"1")
+    refute Decimal.eq?(~d"1", ~d"0", ~d"0")
+
+    assert_raise Error, fn ->
+      Decimal.eq?(~d"nan", ~d"1", ~d"1")
+    end
+  end
+
   test "gt?/2" do
     refute Decimal.gt?(~d"420", ~d"42e1")
     assert Decimal.gt?(~d"1", ~d"0")