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It has a face value of 5 but a local value of 5000

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Q: What is the difference between face value and local value of 5 in the numeral12345678?

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(local value)-(face value)=(7000-7)=6993

Its face value is 6 but its numerical value in 586,723 is 6,000

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495

a literal is a constant value, the difference is a variable can change it's value.

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(local value)-(face value)=(7000-7)=6993

Its face value is 6 but its numerical value in 586,723 is 6,000

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The face value of the digits is their individual value, so the 7 is seven and the 3 is threeThe local value of the digits takes into account their position in the number, so the 7 is seven thousand and the 3 is thirty.

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the same as the difference between ct and k

There is no difference because they are of equal value

495

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The difference is the PLACE VALUE is the number in standard form and the VALUE is the name of the place spot the number is in.