'How many lakhs does one million mean?' We'll go over how to convert 1 million to lakh and, more importantly, what the difference between million and lakh is.
What is Million?
One million is the equivalent of one thousand thousand. It is the international numbering system unit that comes after 999,999 and before 1,000,001. The unit is used for short and long scales and is derived from the Italian term'millione.' It can also be shortened as'm'.
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What is Lakh?
The lakh is a unit of measurement in the Indian numbering system. This Indian numeral system is also known as 1,00,000. You can write it as 1 lakh rupees or Rs 1,000,000 when writing it.
What is the value of 1 Million in Lakhs?
| Million | Value in lakhs | Value in Words |
|---|---|---|
| 1 Million | 10 Lakhs or 10,000,00 | Ten Lakhs |
| 2 Million | 20 Lakhs or 20,000,00 | Twenty Lakhs |
| 3 Million | 30 Lakhs or 30,000,00 | Thirty Lakhs |
| 4 Million | 40 Lakhs or 40,000,00 | Forty Lakhs |
| 5 Million | 50 Lakhs or 50,000,00 | Fifty Lakhs |
| 6 Million | 60 Lakhs or 60,000,00 | Sixty Lakhs |
| 7 Million | 70 Lakhs or 70,000,00 | Seventy Lakhs |
| 8 Million | 80 Lakhs or 80,000,00 | Eighty Lakhs |
| 9 Million | 90 Lakhs or 90,000,00 | Ninety Lakhs |
| 10 Million | 100 Lakhs or 100,000,000 | 1 Crore |
| 50 Million | 500 Lakhs or 500,000,000 | 5 Crore |
| 100 Million | 1000 Lakhs or 1000,000,000 | 10 Crore |
Difference Between Million and Lakh
The distinction between million and lakh is drawn primarily from regional systems. Large numbers are distinguished by commas within three-digit intervals in several parts of the United States.
It goes like this-
...BBB, MMM, TTT, HHH in which
B is for Billions
M is for Millions
T is for thousands and
H is for Hundreds
Whereas in the Indian system of numbers. Here, it goes like this-
...CC, LL, TT, HHH in which
C is for Crores
L is for Lakhs
T is for thousands and
H is for Hundreds
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1 Million to Lakh Converter
You just witnessed what it takes for lakhs of people throughout the world to make millions. According to the implications of the Indian number system, the number that is brought as twenty lakhs would be put as two million, according to international numeration.
To check the answer, all you need is a million to lakh converter. You must enter one million in the input section and then press the conversion button. This will rapidly reveal how many lakhs equal one million.
Formula and Example to Convert 1 Million in Lakhs
Conversion Formula
To convert million to lakhs, use this formula:
Value in Lakhs = Value in Millions * 10
Example
Let's convert 1 million into lakhs using the formula:
Value: 1 Million
Calculation: 1 Million * 10 = 10 Lakhs
Thus, 1 million is equivalent to 10 lakhs.
This method is particularly helpful for understanding financial amounts in regions like India where the terms lakhs and crores are commonly used.
Frequently Asked Questions
1 million is equivalent to 10 lakhs. This is because 1 million is equal to 1,000,000 and 1 lakh is equal to 100,000. Therefore, 1,000,000/100,000=10.
1 billion is equivalent to 10,000 lakhs. This is because 1 billion is equal to 1,000,000,000 and 1 lakh is equal to 100,000. Therefore, 1,000,000,000/100,000=10,000
1 crore is equivalent to 10 million. This is because 1 crore is equal to 10,000,000 and 1 million is equal to 1,000,000. Therefore, 10,000,000/1,000,000=10
1 million is equivalent to 1,000k. This is because 1 million is equal to 1,000,000 and 1k is equal to 1,000. Therefore, 1,000,000/1,000=1,000