M = 1000
C = 100
L = 50
X = 10
I = 1
If a smaller number comes before a bigger number it is subtracted
→ MCMLXII = 1000 - 100 + 1000 + 50 + 10 + 1 + 1 = 1962
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MCMLXII in Roman numerals represents the number 1962.
In today's terms it is: MCMLXII
XII-XXIV-MCMLXII
Arabic numerals are called that because the European interpretation of those numbers comes from the Arabs. The numerals are called Arabic numerals (even though they do not resemble modern Arabic numerals in the slightest) to distinguish them from Roman numerals.
Today's way of writing 1962 into Roman numerals is MCMLXII. But the Romans themselves in ancient times would have probably wrote 1962 as MDCCCCLXII.