5 is in the hundreds' position so its value is 500.
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The face value of 3 is 3: the value of 3 is 3000The face value of 5 is 5: the value of 5 is 500The face value of 3 is 3: the value of 3 is 3000The face value of 5 is 5: the value of 5 is 500The face value of 3 is 3: the value of 3 is 3000The face value of 5 is 5: the value of 5 is 500The face value of 3 is 3: the value of 3 is 3000The face value of 5 is 5: the value of 5 is 500
Oh, dude, the face value of 5 in 3508 is just 5, because it's in the ones place. And the place value of 5 in 3508 is 500, because it's in the hundreds place. So, like, the difference between them is 495. Cool, right?
It has a face value of 5 but a local value of 5000
The face value is 5, the place value is units.
5 is in thousands place.