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.08 OR 8/100
The place value of the 8 in this number is thousands.
8 is in millions place.
In the number 238, the value of the digit 8 is 8. In a multi-digit number like 238, each digit holds a place value based on its position. The place value of 8 in the hundreds place is 800, but the value of the digit itself is simply 8.
The place value of the 8 in 126.78 is eight hundredths.