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The value of a digit:

In 12,345 , the value of the digit 5 is 5 and the value of the digit 1 is 10,000.

Place value:

In 13,563 ,the place value of the digit 3 is thousands and the place value of the digit 6 is tens.

The value of a digit is its value, as in 0-9

The place value of a digit is its value multiplied by its place (column) value which is dependant upon where it is in the number.

In the units column, the place value is 1

In the tens column, it is 10

in the hundreds column it is 100

in the tenths column it is 1/10

So in 123.4:

The digit 1 has value 1, but place value 1 x 100 = 100 (one hundred) since it is in the hundreds column

The digit 2 has value 2, but place value 2 x 10 = 20 (twenty) since it is in the tens column

The digit 3 has value 3, but place value 3 x 1 = 3 (three) since it is in the units column - in this case (only), its value and place value are the same.

The digit 4 has value 4, but place value 4 x 1/10 = 4/10 (four tenths) since it is in the tenths column.

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Q: What is the difference between a place value and value of a digit?
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