 Welcome to Understanding Place Value. What's in a name? Just as names are important to people, place values are important to numbers. Knowing the place value of a given digit is helpful in math because it allows you to read numbers accurately and to round numbers correctly. This chart shows the names of the different place values that are used most often. By using this chart, we can learn the place value of a digit. For example, in the number 786, the 6 is in the 1's place and has a value of 6 1's. The 8 is in the 10's place and has a value of 8 10's. And the 7 is in the 100's place and has a value of 700's. Let's plug this number into the chart below following these steps. 1. We take the rightmost digit and place it in the 1's column. 2. Working right to left, we fill in the remaining digits. Notice the 6 is in the 1's place, the 8 is in the 10's place, and the 7 is in the 100's place. Learning the place values is necessary because we don't always have access to this chart. Here is another example. Again, you can identify the place value of each digit using this chart. Identify the place values in the following numbers. What term on the right matches the place value on the left? Congratulations! You've completed understanding place value.