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One Billion in Lakhs
The word "billion," was first discovered in the 16th century. It is a naturally existing numeral that has been written as 1,000,000,000 in numbers. We often utilize tens, hundreds, thousands, ten thousand, and lakhs in our daily lives. However, as the term "billion" is not frequently used, most people are unsure of its value and find it challenging to convert 1 billion into lakhs when necessary. That is why we are here for your clear understanding of what is billion and is lakh and how to convert billion to lakhs.
So, let us begin to understand something new!
Meaning of a Billion
Before moving ahead into depth, we need to clear the core or the basic concepts first. So, let us know the meaning of a Billion.
A billion is a ten-digit number that is used as a unit in the international numerical system. After 100 million, it is acknowledged, and the pattern moves on to trillions. French terms "bi", which means two, and "illion", which means a million million, are combined to get the word "billion." This unit was once defined as 1000,000,000 or millions of million by the British Empire. As a result, the meaning of that phrase has evolved and is currently as common as a thousand million.
There are two types of number systems followed all over the world. The first one is the International number system and the other one is the Indian number system. As per the International number system, one Billion is written as 1000,000,000 and according to the Indian number system, one Billion is equal to ten thousand lakhs.
Meaning of Lakh
A lakh, commonly written as lac, is a unit of measurement in the Indian numeral system. It is comparable to 100,000 and the unit is also denoted by the letter L. According to the Indian digit standard, lakh is often written as 2,2,3. For instance, in India, 300,000 is equivalent to 3 lakhs, or INR 3,00,000.
In India, Nepal, Pakistan, Bangladesh, Bhutan, Sri Lanka, and Myanmar, the unit is typically employed in professional and other contexts. But nations like India, Pakistan, Bangladesh, and Sri Lanka typically use it.
When valuing expensive international commodities like silver, the lakh unit is however used. For example, the value of 100,000 troy ounces, or 3100 kilograms of silver would be one lakh.
Change Billion to Lakh
A billion is a bigger number than a lakh. Because of something called conversion factors, I am aware that a billion is more than a lakh.
A conversion factor is just a number that may be multiplied or divided to convert one set of units to another. Therefore, we apply a conversion factor to obtain the answer when we need to change 1 billion into lakhs.
One billion equals 10,000 lakhs when converting from a billion to a lakh.
By multiplying 10,000 by the number of billions we have, which is 1, we can quickly compute the conversion of one billion to one lakh now that we know what the conversion factor is.
In simple words,
1 × 10,000 = 10,000 lakhs
Here, 1 denotes one Billion and 10,000 is the conversion factor for changing billion to lakhs.
How much lakhs in one Billion?
One Billion is equal to 10,000 lakhs.
For example, if someone has one billion rupees, then they would have 10,000 lakhs rupees.
Now, let's take a look at a few examples of how to change Billion into lakhs and lakhs into billions. This will be beneficial for understanding the concept clearly.
Example 1: Change 4 billion into lakhs.
Solution: We are aware that 1 billion is equal to 10,000 lacs.
Consequently, the value of 4 billion may be determined as follows:
One billion is 10,000 lakhs
Then 4 billion would be equal to 4 x 10,000 = 40,000 lakhs
As a result, we may state that 4 billion is equivalent to 40,000 lakhs.
Example 2: Convert 7 billion into lakhs.
10,000 lakhs are one billion.
7 × 10,000 is 7 billion.
70,000 lakhs Equal 7 billion.
Example 3: Change 11 billion into lakhs.
Solution: As we know, one Billion is equal to 10,000 lakhs.
Consequently, the value of 11 billion may be determined as follows:
10,000 lakhs = 1 billion
11 × 10,000 lakhs are 11 billion
Therefore, 110,000 lakhs are equal to 11 billion.
As a result, we may state that 11 billion is equivalent to 110,000 lakhs.
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