Understanding Large Numbers in India: 20 Lakh in Crore
In India, the currency system is based on the decimal system, but when it comes to large numbers, Indians have a unique way of expressing them. You may have come across terms like lakh, crore, and even arab, but what do they really mean? In this article, we'll focus on understanding 20 lakh in crore.
What is a Lakh?
A lakh is a unit of measurement in the Indian numbering system. It is equal to 100,000 or 1,00,000 in numerical form. The term "lakh" is derived from the Sanskrit word "laksha," which means "one hundred thousand." When you hear someone say "20 lakh," they are referring to 20 x 100,000, which is equal to 2,000,000 or 20,00,000.
What is a Crore?
A crore is another unit of measurement in the Indian numbering system. It is equal to 10 million or 1,00,00,000 in numerical form. The term "crore" is derived from the Sanskrit word "koti," which means "ten million." When you hear someone say "1 crore," they are referring to 10,000,000 or 1,00,00,000.
Converting 20 Lakh to Crore
To convert 20 lakh to crore, we need to divide 20,00,000 by 10,00,000 (since 1 crore is equal to 10 million). This gives us:
20,00,000 ÷ 10,00,000 = 2
So, 20 lakh is equal to 2 crore.
Usage in Real-Life Scenarios
Understanding lakh and crore is essential in India, as these units are commonly used in everyday conversations, business transactions, and financial reports. Here are a few examples:
- A car's price might be quoted as 20 lakh rupees, which is equivalent to 2 crore rupees.
- A company's revenue might be reported as 50 crore rupees, which is equivalent to 500 lakh rupees.
- A salary package might be quoted as 15 lakh rupees per annum, which is equivalent to 1.5 crore rupees per annum.
Conclusion
In conclusion, understanding lakh and crore is vital when dealing with large numbers in India. By converting 20 lakh to crore, we know that it is equal to 2 crore. This knowledge can help you navigate everyday conversations, business transactions, and financial reports with confidence. Remember, next time you hear someone say "20 lakh," you can quickly convert it to crore in your mind!
