Well, darling, the place value of 2 in 27500 is 200. It's in the hundreds place, so it's worth 200 smackers. Hope that clears things up for ya!
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1/3 of 27,500 is 9,166 2/3
The place value of the 2 in the number 12150 is two thousand.
Its place value is 20 but its face value is 2
2 is in tenths place.
2 is in the hundredths place.