Place value can be described as the value of a digit. The value of the digit is determined by where it is positioned in a number. It is a term used in Mathematics. It is very important to know place values. This is why it is taught from a very young age in schools.

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place value | Define place value at Dictionary.com

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Place value tells you the value of a number according to the place it is located. For example, in the number 982, 2 is in the ones place, 8 is in the tens place and 9 is in the hundreds place.

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