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A lakh (/ l æ k, l ɑː k /; abbreviated L; sometimes written lac [1]) is a unit in the Indian numbering system equal to one hundred thousand (100,000; scientific notation: 10 5). [1] [2] In the Indian 2, 2, 3 convention of digit grouping, it is written as 1,00,000. [3]
For example: 150,000 rupees is "1.5 lakh rupees" which can be written as "1,50,000 rupees", and 30,000,000 (thirty million) rupees is referred to as "3 crore rupees" which is can be written as "3,00,00,000 rupees". There are names for numbers larger than crore, but they are less commonly used.
100,000 (one hundred thousand) is the natural number following 99,999 and preceding 100,001. In scientific notation , it is written as 10 5 . Terms for 100,000
one million: one million ten lakh 1,000,000,000: 10 9: one billion a thousand million: one milliard a thousand million: one hundred crore (one arab) 1,000,000,000,000: 10 12: one trillion a thousand billion: one billion a million million: one lakh crore (ten kharab) 1,000,000,000,000,000: 10 15: one quadrillion a thousand trillion: one billiard ...
For larger values, it includes named numbers at each multiple of 100; including lakh (10 5) and crore (10 7). [1] ... A googolplex is much larger than a googol, but ...
For example 150,000,000 (one hundred and fifty million) rupees is written as "fifteen crore rupees", "₹ 15 crore". [1] In the abbreviated form, usage such as "₹ 15 cr" is common. [3] Trillions (in the short scale) of money are often written or spoken of in terms of lakh crore. For example, one trillion rupees is equivalent to: ₹ 1 lakh ...
Rates on a 15-year mortgage stand at an average 6.30% for purchase and 6.33% for refinance, down 4 basis points from 6.34% for purchase and 1 basis point from 6.34% for refinance this time last week.
However, in recent years, due to inflation, the use of these small value coins has declined, and so has the use of these slang terms. For larger amounts, 1 lakh = 100,000 and 1 crore = 10,000,000 (or in the Indian convention, 1,00,000 and 1,00,00,000 respectively). These are considered technical units in India (so not technically slang).