Let us denote the digits of the number on the place value table:
Place value | Crore | Ten Lakh | Lakh | Ten thousand | Thousand | Hundreds | Tens | Ones |
Number | 3 | 0 | 4 | 2 | 6 | 4 | 5 | 1 |
The place value of 4 in hundreds place = 400
The place value of 4 in lakhs place = 4,00,000
Their product = 4,00,000 × 400 = 16,00,00,000, or 16 crores.