A number cannot have a place value: only a single digit in a number has a place value.
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Its face value is 1 but its place value is 10
Each place has a value 10 times the value of the place to its right.
The place value is 10 thousand
Place value = 10 Face value = 2 Product = 20.
That is the tens place, so it has a value of 3*10=30.