. What is the meaning of Place Value?
Place value is known as the value of a digit according to its position in the number, such as ones, tens, hundreds, etc. Let us take an example; the place value of 5 in 3458 is 5 tens, or 50. Hence, the place value of 5 in 5781 is given as 5 thousand or 5,000. It is essential to understand that a digit can be the same, but its value depends on its number.
Example: What is the place value of each digit in the number 653.
Sol. The correct place value of 653 can be given as:
-6 × 100 = 600 or 6 hundred
-5 × 10 = 50 or 5 tens
-3 × 1 = 3 or 3 ones