How many lakhs are there in 1 million . Can you explain?
Understanding Lakhs in 1 Million
1 lakh is a term commonly used in the Indian numbering system to represent one hundred thousand (100,000). In the Indian numbering system, one lakh is equal to 100,000, while in the international numbering system, one million is equal to 1,000,000. Therefore, to convert 1 million into lakhs, we need to divide 1 million by 100,000.
Calculation
1 million = 1,000,000
1 lakh = 100,000
To convert 1 million into lakhs, we use the following formula:
1 million / 1 lakh = 1,000,000 / 100,000 = 10
Therefore, there are 10 lakhs in 1 million.
Explanation
When we convert 1 million into lakhs, we are essentially breaking down the larger number into smaller units of one hundred thousand each. This conversion is commonly used in Indian financial and population calculations, where large numbers are more easily understood in terms of lakhs rather than millions.
Example
For example, if someone says their annual salary is 5 lakhs, it means their annual salary is 500,000 in the international numbering system. Similarly, if a population census states that a city has a population of 15 lakhs, it means the city's population is 1.5 million.
In conclusion, understanding the conversion between lakhs and millions is essential for interpreting numerical data accurately, especially in the context of Indian numbering conventions.
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