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It means that depending on its position, a digit will have a "multiplier value" that will make it worth more or less. In the number "123", the place-value of the digit 3 is 1, the place-value of digit 2 is 10, and the left-most place-value - for the digit 1 - is 100. In other words, the mere fact that there are other numbers to the right of the "1" make it worth more.

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Q: What Decmial Place Value mean?
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