150,000 rupees is 1.5 lakh rupees which. One thousand million, or 10 9 (ten to the ninth power), as defined on the short scale. Abbreviated cr) denotes the quantity ten million (10 7) and is equal to 100 lakh in the indian numbering system
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In many international contexts, the decimal quantity is formatted as 10,000,000, but when used in the context of the indian numbering system, the quantity is usually formatted 1,00,00,000.
Usage of names of large numbers some names of large numbers, such as million, billion, and trillion, have real referents in human experience, and are encountered in many contexts, particularly in finance and economics
At times, the names of large numbers have been forced into common usage as a result of hyperinflation. In the abbreviated form, usage such as ₹ 5l or ₹ 5 lac (for 5 lakh rupees) is common [4] in this system of numeration, 100 lakh is called one crore. The purpose of this template is to automatically convert and format currency from indian rupees to other currencies (united states dollars by default) applying adjustment for inflation where appropriate.
Billion is a word for a large number, and it has two distinct definitions
