## What is Place Value?

**Place value** is the cornerstone of numerical understanding, assigning significance to each digit based on its position within a number. It illuminates the role of each digit, indicating its contribution to the overall value of the number. In the base-10 system, each position represents a power of 10, delineating a systematic structure.

### Examples of Place Value

**Number: 573**- The digit 3 is in the units place, signifying 3 ones.
- The digit 7 is in the tens place, representing 7 tens.
- The digit 5 is in the hundreds place, embodying 5 hundreds.
- The overall value is 500 + 70 + 3 = 573.

**Number: 6,241**- The digit 1 is in the units place.
- The digit 4 is in the tens place.
- The digit 2 is in the hundreds place.
- The digit 6 is in the thousands place.
- The overall value is 6,000 + 200 + 40 + 1 = 6,241.

**Decimal Number: 4.78**- The digit 8 is in the tenths place.
- The digit 7 is in the hundredths place.
- The digit 4 is in the units place.
- The overall value is 4 + 0.7 + 0.08 = 4.78.

*Key Facts:*

**Positional Significance:**- The position of a digit dictates its weight in the overall value of the number.

**Base-10 System:**- Place value is especially crucial in the base-10 system, where each place represents a power of 10.

**Understanding Magnitude:**- Higher place digits contribute more significantly to the overall magnitude of a number.

**Facilitating Arithmetic:**- Essential for arithmetic operations, ensuring proper alignment for accurate calculations.

**Decimal Place Value:**- Decimal places denote fractions of a whole, with each place representing a power of 10 (e.g., tenths, hundredths).