1 Billion In Lakhs – Billion To Lakhs Conversion

As per Oxford English dictionary, the term “billion” was introduced in the 16th century. It’s a naturally occurring number which is equal to 1,000,000,000 in numbers. In our daily life, we generally use tens, hundreds, thousands, ten thousand, and lakhs. And because a billion is a term that isn’t used often, most people are confused about its worth, thus finding it difficult to convert 1 billion in lakhs when required. Be at ease and just follow the fundamental guide that has easy methodologies to convert billions in lakhs. Read on to find out how!

An Overview of 1 Billion 

As per the international number system, 1 billion is a number which is denoted as 1,000,000,000. On the other hand, in the Indian number system, 1 billion is represented as 10,000 lakhs. As per mathematics, the number is always defined based on their place value which starts with the unit place, then begins with tens, hundreds, thousands, and so forth. The number 1 billion follows the 9-digit figure, i.e., 999,999,999 and comes before 1,000,000,001.

The term “billion” is a combination of two French words, bi means two and illion means a million million. In earlier times, the British Empire used to determine this unit as 1,000,000,000,000 or millions’ million. Therefore, the definition of that term has changed nowadays and is also as popular as a thousand million. 

What is a Billion?

A billion is a unit in an international numbering system, which is a ten-digit number. It is addressed after 100 million and takes the sequence towards trillions. It is denoted as 109, which is the lowest of all the 10 digit numbers in math. 

What is a Lakh?

A Lakh is a unit in Indian numbering system which is also sometimes written as Lac. It is equivalent to one hundred thousand or 1,00,000 and the unit is also represented as L. Lakh is usually written as 2,2,3 in convention under the Indian digit grouping. For example, 300,000 in India is considered as 3 lakhs, or INR 3,00,000. 

The unit is generally used in official and other contexts in India, Nepal, Pakistan, Bangladesh, Bhutan, Sri Lanka, and Myanmar. However, it is usually used in countries like India, Pakistan, Bangladesh, and Sri Lanka.

The unit of lakh is also used when pricing precious international methods such as silver. one lakh is equal to 100,000 troy ounces or 3100 kg of silver. 

The term ‘lakh’ has been derived from the Sanskrit word ‘Laksha’, which means stake in gambling, target or market. 

How to Convert a Billion in Lakhs?

In terms of lakhs, 1 billion can be written as 

1 billion = 10,000 lakhs

See how?

1 lakh is equal to 1,00,000 and 1 billion is equal to 1,000,000,000

However, 1 billion = 10,000 lakhs

In other terms, 1 Billion = 100 crores (1 crore is equal to 1,00,00,000)

Billion to Lakh Conversion Formula 

To convert 1 billion in lakhs, you can simply multiply the figure in billions by ten thousand lakhs. For a deeper understanding, have a look at the examples specified below.

Example 1. 

Convert 9 billion to lakhs.

1 billion = 10,000 lakhs. Therefore, 9 billion = 90,000 lakhs.

Example 2. 

Convert 12 billion to lakhs.

1 billion = 10,000 lakhs. Therefore, 12 billion = 120,000 lakhs.

Example 3. 

Convert 20 billion to lakhs

1 billion = 10,000 lakhs, therefore 20nbillion =200,000 lakhs

How Many Zeros are There in a Billion?

1 billion = 1,000,000,000

However, one can conclude that 1 billion consists of nine zeros in total.

Billions to Lakh Conversion Table

With this conversion table, we hope you have now become aware of one billion is equal to how many lakhs or how many lakhs make a billion. 

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Examples of Billion in Lakh Conversion

To ensure you grab the concept of the conversion process of billion to lakh easily, we have solved a few examples below:

Example 1: Convert 5 billion in Lakhs

Solution: Since 1 billion in Indian Numbering System is equal to 10,000 lakh

So, the value of 5 billion in lakh is calculated as follows:

5 Billion = 5 x 10,000 lakhs

5 Billion = 50,000 lakhs

Therefore, we can say that 5 billion is equal to fifty thousand lakhs.

Example 2: What is the value of 1 lakh crore in billion?

Solution: 1 billion = 100 crores

1 crore = 0.01 billion

Therefore, the value of 1 lakh crore = 1,00,000 x 0.01 billion = 1000 billion. 

1 lakh crore = 1,000 billion. 

Hence, the value of 1 lakh crore equals 1,000 billion which is also equivalent to 1 trillion. 

Example 3: What is the value of 3 billion in lakhs?

Solution: As already mentioned above, 1 Billion = 10,000 Lakhs

Thus, 3 billions = 3 x 10,000 lakhs = 30,000 lakhs

Hence, 3 Billions = 30,000 lakhs.

Difference Between Billions and Rupees

A lakh is a unit of number in the Indian number system, and a billion is a number in the international number system. However, both are employed despite having separate values and origins. Look at the below given table to comprehend the difference between the two units.

Frequently Asked Questions (FAQ)

The international system uses the place value system. 1 billion is represented as 1,000,000,000.

 The value of 1 billion is equal to 100 crores.

No, 10 lakh isn’t equal to 1 crore.

100 crores amount to 1 billion.

1 million is equal to 0.001 billion or 10 lakhs in an Indian numbering system.