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            Definition
- Place value is the value a digit holds based on its position in a number.
 - Face value is the value of the digit itself, regardless of its position.
 - In other words, place value = face value × positional value.
 
Basic Concepts
- The face value of a digit is always the digit itself. (e.g., face value of 7 is 7)
 - The place value depends on the position of the digit in the number.
 - For example, in the number 5,783, the place value of 7 is 700.
 - In the same number, the face value of 7 is just 7.
 
Indian Place Value System
- Follows the pattern: Ones, Tens, Hundreds, Thousands, Ten Thousands, Lakhs, Ten Lakhs, Crores
 - Example: In 74,53,218:
- Place value of 7 = 70,00,000
 - Place value of 4 = 4,00,000
 
 
International Place Value System
- Follows the pattern: Ones, Tens, Hundreds, Thousands, Ten Thousands, Hundred Thousands, Millions
 - Used in global contexts such as finance, science, and business.
 
Important Place Values
- Unit (ones) place: 1×digit
 - Tens place: 10×digit
 - Hundreds place: 100×digit
 - Thousands place: 1,000×digit
 - Ten thousand place: 10,000×digit
 - Lakhs and crores follow higher multiples in the Indian system.
 
Examples
- In 3,624, place value of 6 = 600, face value = 6
 - In 58,102, place value of 1 = 100, face value = 1
 - In 1,00,002, place value of 1 = 1,00,000
 
Key Differences
- Face value is constant, but place value varies depending on the digit’s position.
 - Example: In 242, the digit 2 appears twice:
- First 2 (Hundreds) has place value 200
 - Second 2 (Units) has place value 2
 - Both have face value = 2
 
 
Uses in Exams and Arithmetic
- Frequently asked in number system questions in SSC, RRB, Banking exams.
 - Useful in understanding expanded forms of numbers.
 - Helps in solving rounding-off, comparison, and estimation problems.
 - Important for learning decimal places and fractions too.
 
Decimal Place Values
- After the decimal point: tenths (1/10), hundredths (1/100), thousandths (1/1000), etc.
 - In 12.345, place value of 3 = 0.3, 4 = 0.04, 5 = 0.005
 
Expanded Form
- Helps to break down numbers based on their place values.
 - Example: 4,362 = 4,000 + 300 + 60 + 2
 - Face values used to assign place-based values in writing numbers in expanded form.
 
Miscellaneous Facts
- Face value of 0 is always 0, and its place value is also 0.
 - The highest place value in a number depends on its number of digits.
 - Digits closer to the left have higher place values.
 - This concept builds the base for understanding number systems and mathematics operations.