In Mathematics, the numbers can be defined with the help of place value. The place value of the digits in the numbers is represented in two different ways. They are the Indian System and the International System. The place value charts are used to identify the positional values of the number. The numbers in the general form can be expanded with the help of positions.
The order of the place value goes from right to left. The place value starts from the unit place (one’s place), then moves to tens, hundreds, thousands and so on. In this article, let us discuss the value of 1 billion in rupees in terms of the Indian system of place value in detail. Also, we will have a look at the place value chart for the Indian System and the International System.
1 Billion in Rupees Value
From the place value charts, billions are used in the International System. The equivalent value of 1 billion in rupees (in terms of Indian System) is given by
1 Billion = 1,000,000,000 Rupees
We can write it as:
1 Billion = 10,000 Lakhs (As 1 lakh = 1,00,000)
On other words , 1 Billion = 100 crores (As 1 crore = 1,00,00,000)
Place Value Chart for Indian System
In the Indian system, the sequence of the place value of the digit is as follows:
