Place Value Definition
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Place value is the value of a digit according to its position in the number such as ones, tens, hundreds, and so on. For example, the place value of 5 in 3458 is 5 tens, or 50. However, the place value of 5 in 5781 is expressed as 5 thousand or 5,000. It is important to understand that a digit can be the same, but its value depends on its position in the number.
Example:Â Write down the place value of each digit in the number 543.
Solution:Â The correct place value of each digit in the number can be expressed as follows:
- 5 × 100 = 500 or 5 hundreds
- 4 × 10 = 40 or 4 tens
- 3 × 1 = 3 or 3 ones
