Once upon a time, a boy named John lived in India with his parents
He studied in an Indian school. His favorite subject was maths. He never went outside India and in his school he only learned about Indian system of numeration.
He also used to ask his father about the costs of every things that cost more than thousand Rupees.
It costs Rs. Two lakh, ninety four thousand.
Dad, what is the cost of the new car we bought yesterday?
One year, he and his family went to UAE for the vacation. He visited a theme park there.
There was also a lottery.
Hello Everyone !!!!!! Today we have an exciting lottery ! Third Prize is One Hundred Thousand, Second Prize is Five Hundred Thousand Dirhams and the winner gets ONE MILLION DIRHAMS!!!!!!!
Lakhs and Crores are part of the Indian System of numeration. Millions and hundred thousands are from the International System of numeration.
Dad, what is one million and hundred thousand? I only knew about lakhs and crores.
If you want to convert One million into the Indian system of numeration, it is Ten Lakh. Hundred thousand will be One Lakh.