What is Place Value?
In math, every digit in a number has a place value.
Place value can be defined as the value represented by a digit in a number on the basis
of its position in the number.
Here’s an example showing the relationship between the place or position and the place
value of the digits in a number.
In 13548, 1 is in tens of thousands place and its place value is 10,000,
3 is in thousands place and its place value is 3,000,
5 is in hundreds place and its place value is 500,
4 is in tens place and its place value is 40,
8 is in the ones place and its place value is 8.