Lakh to Crore & Crore to Lakh Converter
A Lakh to Crore & Crore to Lakh Converter is a tool used to convert numbers between two units of the Indian numbering system: Lakh and Crore. Let’s break it down:
- Lakh: 1 Lakh = 100,000 (1 followed by five zeros)
- Crore: 1 Crore = 10,000,000 (1 followed by seven zeros)
Why use this converter?
- The Indian numbering system is widely used in South Asia for financial, statistical, and population data.
- People often need to convert between Lakh and Crore when dealing with large sums of money, real estate, business figures, or population counts.
- A converter simplifies this by avoiding manual calculations and reducing errors.
How does it work?
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Lakh to Crore: Since 1 Crore = 100 Lakh, to convert Lakh to Crore, divide the number by 100.
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Crore to Lakh: Since 1 Crore = 100 Lakh, multiply the number of Crore by 100 to get Lakh.
Lakh = Crore × 100Example: 3 Crore = 3 × 100 = 300 Lakh
When is it used?
- Finance: Converting company revenue, profit, or investment amounts
- Real Estate: Estimating property values in Lakh or Crore
- Population Data: Reporting population counts in a simplified format
- Government and Business Reports: Representing budget allocations, project costs, etc.