1 Million Equals How Many Lakhs?
When dealing with large numbers, it's common to come across terms like "lakh" and "million". While many people are familiar with the concept of a million, the term "lakh" is more commonly used in India and other parts of South Asia. So, how many lakhs are in 1 million?
What is a Lakh?
A lakh is a unit of measurement equal to 100,000 (one hundred thousand). It is commonly used in India and other countries in the region to express large quantities, such as money, population, or other numerical values.
Converting 1 Million to Lakhs
To convert 1 million to lakhs, we need to divide 1 million by 100,000, since there are 100,000 units in 1 lakh.
1,000,000 (1 million) ÷ 100,000 = 10
So, 1 million is equal to 10 lakhs.
Examples
To put this into perspective, let's consider some examples:
- 1 million rupees (Indian currency) is equal to 10 lakh rupees.
- A population of 1 million people is equivalent to 10 lakh individuals.
- A revenue of 1 million dollars is equal to 10 lakh dollars.
Conclusion
In conclusion, 1 million is equal to 10 lakhs. Understanding this conversion is essential for anyone dealing with large numbers, especially in the context of finance, commerce, or demographics in India and other countries where the lakh is commonly used.
Remember, 1 million = 10 lakhs!
