In Mathematics, the numbers can be defined with the help of place value. The place value of the digits in the numbers is represented in two different ways. They are the Indian System and the International System. The place value charts are used to identify the positional values of the number. The numbers in the general form can be expanded with the help of positions.
The order of the place value goes from right to left. The place value starts from the unit place (one’s place), then moves to tens, hundreds, thousands and so on. In this article, let us discuss the value of 1 billion in rupees in terms of the Indian system of place value in detail. Also, we will have a look at the place value chart for the Indian System and the International System.
1 Billion in Rupees Value
From the place value charts, billions are used in the International System. The equivalent value of 1 billion in rupees (in terms of Indian System) is given by
1 Billion = 1,000,000,000 Rupees
We can write it as:
1 Billion = 10,000 Lakhs (As 1 lakh = 1,00,000)
On other words , 1 Billion = 100 crores (As 1 crore = 1,00,00,000)
Place Value Chart for Indian System
In the Indian system, the sequence of the place value of the digit is as follows:
Crores |
Lakhs |
Thousands |
Ones |
|||||
Ten Crores |
Crores |
Ten Lakhs |
Lakhs |
Ten Thousands |
Thousands |
Hundreds |
Tens |
Ones |
10,00,00,000 |
1,00,00,000 |
10,00,000 |
1,00,000 |
10,000 |
1000 |
100 |
10 |
1 |
The Indian system of numeration is also known as the Hindu-Arabic system. In this system, the comma symbol “,” is used to separate the periods. Here, the first comma comes after three digits from the right side, and the next comma comes after 2 digits, and then after every 2 digits.
Place Value chart for International System
In the International system, the sequence of the place value of digit is as follows:
Billions |
Millions |
Thousands |
Ones |
||||||||
Hundred Billions |
Ten Billions |
One Billion |
Hundred Millions |
Ten Millions |
One Million |
Hundred Thousands |
Ten Thousands |
Thousands |
Hundreds |
Tens |
Ones |
100,000,000,000 |
10,000,000,000 |
1,000,000,000 |
100,000,000 |
10,000,000 |
1, 000,000 |
100,000 |
10,000 |
1000 |
100 |
10 |
1 |
Also, check: Billion to Rupees Calculator.
Billion in Rupees Examples
The following examples will help you to clearly understand the concept of billion in rupees:
Example 1:
What is the value of 5 billion in rupees?
Solution:
We know that 1 billion in rupees is equal to 1,000,000,000
So, the value of 5 billion in rupees is calculated as follows:
5 Billion = 5 x 1,000,000,000
5 Billion = 5,000,000,000 rupees
Also, we can say 5 billion is equal to 500 crores.
Example 2:
What is the value of 4.6 billion in crores?
Solution:
We know that
1 Billion = 100 crores
Therefore, 4.6 Billion = 4.6 x 100 crores
4.6 Billion = 460 crores
Hence, the value of 4.6 billion is 460 crores.
Example 3:
What is the value of 2 billion in lakhs?
Solution:
It is known that
1 Billion = 10,000 Lakhs
Therefore,
2 billions = 2 x 10,000 lakhs
2 Billions = 20,000 lakhs.
Practice Problems
Solve the following problems:
- What is the value of 3.26 Billions in rupees?
- What is the value of 0.23 billion in rupees?
- What is the value of ½ billion in rupees?
Frequently Asked Questions on 1 Billion in Rupees
Which place value system uses Billions?
The International System for place value used the term billion, which is approximately equal to 1,000,000,000.
What is the value of 1 billion in crores?
The value of 1 billion is equal to 100 crores.
What is the value of 1 billion in lakhs?
The value of 1 billion is equal to 10,000 lakhs.
How many crores is equal to 2.4 billion?
The value of 2.4 billion is 240 crores.
How many lakhs is equal to 7.5 billion?
7.5 billion is equal to 75,000 lakhs because 1 billion is equal to 10,000 lakhs.
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