the 8 would be at the ten-thousand place value
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The PLACE VALUE.
It is in the thousands' place.
It is the place value of the first non-zero digit in the number.
The digit in the hundreds place in the number 2378.91 is the digit 3.
It determines how much that digit is worth. See this article on place value. http://www.aaamath.com/plc.htm