1 Million Means How Many Lakhs

How Many Lakhs Means 1 Million

Edited By Team Careers360 | Updated on Mar 28, 2023 09:45 AM IST

Introduction

One million is written as 1,000,000 in numbers. While ten lakhs is 10,00,000 in number. Therefore, we can say that 1 million is equal to 10 lakhs. However, the difference is that millions are accepted internationally, but lakhs are accepted in the Indian number system only.

1 million = 10 lakhs

Place Value

Place value of a digit in a number tells its position. For example, in the number 450, the place value of 4 is hundred, the place value of 5 is tens, and 0 has ones as the place value. The place values of numbers differ for the Indian and the International number systems.

Indian Number System

It is the method of writing a number in words according to the standard adopted in India. In the Indian Number System, the place values and their periods are described below.

Places	Value	Number of Digits
Crores	1,00,00,000	8
Ten Lakhs	10,00,000	7
Lakhs	1,00,000	6
Ten Thousands	10,000	5
Thousands	1,000	4
Hundreds	100	3
Tens	10	2
Ones	1	1

The separators in the place value represent the number in its standard numeral form. It follows the rule of 3:2:2, meaning that the first comma is placed after three digits, and then the rest commas are placed after two digits. For example, the number 9812324 in the Indian Number System can be represented with separators like this 98,12,324.

International Number System

It is the method to write a number in words according to the standard adopted internationally. In the International Number System, the place values and their periods are described below.

Places	Value	Number of Digits
Ten Millions	10,000,000	8
Millions	1,000,000	7
Hundred Thousands	100,000	6
Ten Thousands	10,000	5
Thousands	1,000	4
Hundreds	100	3
Tens	10	2
Ones	1	1

Separators are the representation of the number in its standard numeral form using commas, following the rule of 3:3:3. It represents that the comma is placed after three digits. For example, the number 109456 in the International Number System can be written with separators like this 109,456.

Million and Lakh conversions

One million equals ten lakhs, i.e., both are equal to the number 1000000. For example, if you want to represent fifty lakhs in the international number system, you would write it as five million. Thus, in the International Number System, one million is written as 1,000,000, while in the Indian Number System, ten lakhs is 10,00,000 using separators. And both are equal.

Frequently Asked Questions (FAQs)

1. What are the differences between the Indian and the International Number Systems?

The place value notations after ten thousand are different in the Indian and the International number system. And the use of separators also differs for both systems

2. How to write 34,12,715 in the Indian Number System?

The number 34,12,715 is written as thirty-four lakh twelve thousand seven hundred fifteen.

3. How to write 4,570,000 in the International Number System?

The number 4,570,000 is written as four million five hundred seventy thousand.

4. Write 50 million in numbers.

In numbers, 50 million is 5000000.

5. How crores and millions are related?

One crore is equivalent to ten million.