One hundred lakhs is equal to
A: 10 million
B: 1 million
c: 100 million
D: 10 crores
Correct Option is (A) 10 million
The number calculation unit contains both lakhs and millions. This allows the comparison of values between unit lakh with other number units. There are converters available that allow conversions from lakhs to millions easily.
As per the conversion system,
1 million = 10 lakhs
1 crore= 100 lakhs
1 crore= 10 million
Let us use this conversion system of lakhs to millions, lakhs to crores and millions to crores in the given question. We need to find one hundred lakhs is equal to how much in terms of crores or millions as per the options given below.
So, one hundred lakhs is equal to how many millions-
1 million= 10 lakhs
So, 100 lakhs= 10 million ——– eq (1)
One hundred lakhs is equal to how many millions
1crore = 100 lakhs
So, 100 lakhs = 1crore ——– eq (2)
Therefore, from equation (1) the correct option is found to be
Note- The students make the common mistake that happens when writing the number of zeros after the lakhs, crores and millions. They must be careful while making the conversions from millions to crores and other conversions.