Place value tells you what each digit in a number is worth based on its position. Moving one place to the left multiplies the value by 10; moving one place to the right divides by 10. For whole numbers the columns are ones, tens, hundreds, thousands, ten-thousands, hundred-thousands, millions.
Common mistake: The value of a digit depends on its column, not just the digit itself. In \(5\,032\), the digit \(3\) is worth \(30\), not \(3\).
Which digit is in the thousands place of \(63\,418\)?
In \(6\,\underline{3}\,418\), the 3 is in the thousands column.
Answer: \(3\).
What is the value of the digit 7 in the number \(3\,726\)?
In \(3\,\underline{7}\,26\), the 7 is in the hundreds column.
Answer: \(700\).