Place Values. Consider the number 32,768,445.123. Each digit in that number has a specific meaning and value. We say that each digit occupies a particular “place.” The meaning of the digit is due to the “place” that it occupies. The chart below shows the name of each “place” in the number.
• The digit 3 is in the “ten millions” place. It represents three “ten millions”—a very big number.
• The digit 5 occupies the “ones” place. It represents five ones.
• The digits to the right of the decimal point represent quantities that are less than 1. The 3 all the way at the right is in the “thousandths” ...