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One lakh is a term used in countries such as India, Pakistan, and Bangladesh to refer to 100,000. It is equivalent to the number 100,000.
10 times as much as 700 is 7,000. So 700 is 1/10 of 7,000. 10 times as much as 700 is 1/10 as much as 70,000.
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it is 100
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