6,993
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7 in the tens place = the number 70 7 in the thousands place = the number 7000 7000/70= 100 It is therefore 100 times bigger.
7% of 7000.00 = 7% * 7000 = 0.07 * 7000 = 490.00
They are equivalent.
7000 thousands = 7 million !
7000 thousands is 7 millions.