120 Thousand in Numbers

As mentioned above, 120 thousand in numerical form is written as 120,000. The term thousand is significant as it is a fundamental part of the international numbering system used for calculations, data conversions, currency conversions, banking, and more.

In India, 120,000 is simply referred to as 1.2 Lakhs. The number 120 thousand contains three zeros; commas are placed after certain intervals depending upon the numerical system a country might use to make it more convenient to read and understand the numbers.

For instance, the globally accepted method of writing 120 thousand in numbers with commas is: 120,000, but in India, it is written as 1,20,000.

The number 120 thousand serves as a standard reference in various types of calculations, ensuring consistency across different fields and numerical systems.

Now, let's understand how 120 thousand is expressed in the Indian numbering system, both in terms of lakhs and crores.

According to global standards, when the 1,000 thousand mark is reached, the value is switched to millions, i.e., 1,000 thousand or 1,000,000 is equivalent to 1 million. The important thing to remember is that 120 thousand contains three zeros, i.e., the number 120 is followed by three zeros, and that can be used as a standard for further calculation purposes.

Globally, numbers are grouped into different categories or groupings depending on the number of zeros they contain, such as thousands, millions, billions, trillions, and so on.

Using thousands as a base unit makes it easier to represent, compare, and perform calculations with larger numbers such as millions, billions, and beyond.

• Lakh: A lakh (100,000) is a unit in the Indian numbering system equal to 100,000.

• Global Numerical System: A standard way of grouping numbers at the international level, with groupings such as thousands, millions, billions, etc.

• Indian Numerical System: A system of grouping numbers used in India, units like thousands, lakhs, and crores are a part of it.

• Thousand: The number 1,000 is referred to as a thousand according to global numerical standards.

• Powers of 10: A mathematical way of expressing large numbers using exponents. For example, 1 thousand can be written as 10³.