Convert Million to Lakh
The Indian place-value system, on the other hand, is used in India and some neighboring countries. It follows a different counting pattern: ones, tens, hundreds, thousands, lakhs, and crores. The number 5,78,912 reads as five lakhs, seventy-eight thousand, nine hundred and twelve in the Indian place-value system.
It's important to note that when converting from million to lakh or vice versa, we are essentially converting between these two place value systems. One million is equivalent to ten lakhs in the Indian system.
So, next time you come across large numbers in the news or in financial calculations, don't be left scratching your head. Use our million to lakh converter to easily understand and convert between these two systems. Become a millionaire in your own currency and confidently answer questions about lakhs and millions. Start using our converter today and explore the world of numbers in a whole new way!
The usage of the Indian place-value system
The countries that employ the Indian place-value system include Bangladesh, Bhutan, India, Maldives, Nepal, Sri Lanka, and Pakistan. Counting is done in ones or units, tens, hundreds, thousands, and lakhs. In the Indian place-value system, the number 23,45,674 is read as twenty-three lakhs, forty-five thousand, six hundred and seventy-four.
Now let's examine the number provided in the example column of the table.
3456789 can be expressed in two distinct ways.
In the International system, it is represented as 3,456,789 - three million, four hundred fifty-six thousand, seven hundred and thirty-nine.
In the Indian system, it is represented as 34,56,789 - thirty-four lakhs, fifty-six thousand, seven hundred and thirty-nine. Note the difference in the placement of periods. This visual disparity sets the two numbers apart, even though they hold the same numerical value.
To explore additional place values and convert other digits, please visit our crore to million converter.
We are aware that 1 million is equivalent to 10 lakhs, simplifying the conversion process and making it possible to perform conversions in both directions:
Conversion from million to lakhs
Converting millions to lakhs involves a fairly straightforward calculation. The formula is as follows:
lakhs = millions × 10
For instance, if you want to convert 6 million to lakhs, simply multiply 6 by 10, and the answer is 60 lakh.
Conversion from lakhs to million
Given that the ratio of million to lakh is 1:10, the formula can be reversed to convert lakh to million.
millions = lakhs / 10
For example, if you want to convert 75 lakh to millions, divide 75 by 10, and the answer is 7.5 million.
Therefore, now you know how to effortlessly convert million to lakhs and vice versa.
If you are still interested in exploring additional place value figures, you can utilize our crore to lakh converter.
1 million is equivalent to 10 lakhs.
To convert any number in millions to lakhs, simply remember the conversion ratio of 1:10. By multiplying any given number in millions by 10, you can convert it to lakhs.
20 million is equal to 200 hundred lakhs. The conversion ratio from million to lakh is 1:10.
Therefore, you can easily multiply your amount in millions by 10 to obtain the amount in lakhs.
1 lakh is equal to 1 hundred thousand. While numerically they represent the same value, they belong to different place-value systems.
In the Indian place-value system, the number one lakh holds significant value, while its international equivalent is known as one hundred thousand.
To put it in perspective, when written numerically, one lakh is represented as 1,00,000, which contains a total of five zeros. In the international system, it is commonly referred to as a hundred thousand.
The utilization of one lakh extends beyond just numerical representation. It is employed in several countries for the purpose of counting currency and numbers. Specifically, India, Pakistan, Nepal, Sri Lanka, Bangladesh, Bhutan, and the Maldives adhere to the Indian place-value system.
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