Place value is the value of each digit in a number. For example, the 5 in 350 represents 5 tens, or 50; however, the 5 in 5,006 represents 5 thousands, or 5,000. It is important that children understand that whilst a digit can be the same, its value depends on where it is in the number.We can find the place value of a digit by finding how many places the digit is to the right or left of the decimal point in a number. If it is n places to the left of the decimal point, we multiply the digit by 10^(n - 1) to get the digit's place value.