1 Million is Equal to How Many Lakhs?
In the Indian numbering system, lakhs and crores are widely used to denote large numbers. However, when dealing with international transactions or understanding global financial data, it's essential to know the equivalent value of these numbers in millions and billions. So, have you ever wondered: 1 million is equal to how many lakhs?
What is a Lakh?
A lakh is a unit of the Indian numbering system, equal to 100,000 (one hundred thousand). It is widely used in India, Pakistan, Bangladesh, and other countries in the Indian subcontinent.
What is a Million?
A million, on the other hand, is a unit of the international numbering system, equal to 1,000,000 (one million). It is widely used globally to denote large quantities or amounts.
Converting Million to Lakhs
To convert 1 million to lakhs, we need to divide 1,000,000 by 100,000, which gives us:
1,000,000 ÷ 100,000 = 10
So, 1 million is equal to 10 lakhs.
Example Conversions
Here are some examples of converting millions to lakhs:
- 2 million = 20 lakhs
- 5 million = 50 lakhs
- 10 million = 100 lakhs
Conclusion
In conclusion, 1 million is equal to 10 lakhs. Understanding this conversion is essential for anyone dealing with international transactions, business, or financial data. By knowing the equivalent value of lakhs and millions, you can better comprehend and work with large numbers with ease.
