408,247.88 consists of 8 places.
4 is in the hundred thousands place.
0 is in the ten thousands place.
8 is in the thousands place.
2 is in the hundreds place.
4 is in the tens place.
7 is in the ones place.
8 is in the tenths place.
8 is in the hundredths place.
When you write it out, you say:
Four hundred and eight thousand two hundred and forty-seven dollars and eighty-eight cents.
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Eighty thousand dollars
One hundred dollars
two hundred dollars
Seven hundred dollars.
Seventeen thousand dollars.