Question

One lakh sixty thousand rupees, convert this into numbers.

Answer 1

Hint: In the given question, we are required to find the numeral representation of the number provided to us in the words. There are many number systems to represent a given number in numerals such as the Indian number system and the International number system. Both the systems are pretty different from each other and have different expressions and forms for representing numerals. One must know the Indian number system so as to solve the problem as the number given to us is described as words in the Indian number system.

Complete step-by-step answer:
A numeral system is a number representing system that is a mathematical form for consistently expressing the numbers of a given range, utilizing digits or other signs. Different numbers in various numeral systems can indicate the same series of symbols.
In the Indian number system, terms like ‘thousands’, ‘lakhs’ and ‘crores’ are used.
On the other hand, in the International number system, terms like ‘billion’, ‘million’ and ‘trillion’ are used.
Also, $1$ lakh $=1,00,000$ and $1$ thousand $=1,000$ .
So, the number to be converted into numbers is One lakh sixty thousand.
So, One lakh sixty thousand rupees can be represented as $Rs1,60,000$ .
So, the correct answer is “ $Rs1,60,000$ ”.

Note: Different countries have different currencies of money. Each currency has its own value. The amount of money can be converted from one currency to another using the base conversion rate. There are various number systems for representing numbers. Each number system has its own rules and periods. We must take care while placing commas as it signifies the place value of the number.