So, you have found yourself in need of our crore to lakh converter. Maybe intrigue brought you here, or maybe you are interested in converting crore to lakhs as a means of calculating net worth of a person in various currency formats.
You might be wondering "How much is a crore?" just out of curiosity or as part of a research project for school. Or maybe you are here to find out the deal would you have to close to earn a sales commission đź’° of at least 10 lakh, and how much would that be in terms of crore? Whichever the query is, our crore to lakh converter will have the answer.
Crore to lakh converter
The crore to lakh converter is a convenient tool that helps you convert any given number in crores to lakh and also from lakh to crore.
Crore and lakh both belong to the Indian place value system of numbering and are used to measure large sums of currency.
The formula to convert crore to lakh is the following
number in lakh = number in crore * 100
This formula is the base of our crore to lakh converter. So, continue reading in order to understand the concept of the conversions.
What is crore? The Indian numbering system
Before we get into the conversion details, let's understand a few things first:
What is crore?
Crore is the numeric equivalent of 10 million in the International system. In the Indian system, it is equal to 100 lakh. We use it, for example, to refer to large sums of money in the Indian place-value system and in all the countries that follow this system.
One crore in digits
We can write one crore in digits as 1,00,00,000. The placement of periods is based on the Indian place value system, 3,2,2, and so on, from right to left.
What is lakh?
Lakh is a unit in the Indian place-value system that is equal to a hundred thousand. We write it as 1,00,000.
It originated in India and was initially used to represent a stake in gambling.
One crore is equal to how many lakhs?
Are you wondering how many lakhs make one crore or how many lakhs are in a crore?
One crore is equal to 100 lakhs. So, the ratio of crore to lakh becomes 1:100.
If you're travelling to India, or any of the nearby countries using the Indian place-value system, you'll want to make sure you have the correct time zone conversions. Our time zones converter will be helpful in this task.
How to convert crore to lakh?
To convert any number from crore to lakh, you may follow the given formula.
number in lakh = number in crore * 100
Say you want to convert 6.4 crore into lakh. Multiply 6.4 by 100 and you have 640 lakhs.
How to convert lakh to crore?
The same formula can be altered a bit to convert lakh to crore.
number in crore = number in lakh / 100
Let's say you want to convert 300 Lakhs to crore. All you need to do is divide 300 by 100 and you have 3 crore.
You might want to take a look at our other place value converts:
- Crore to million converter; and
- Million to lakh converter.
FAQ
What is the definition of crore?
Crore is the numeric equivalent of 10 million in the International place-value system. It is equal to 100 lakh in the Indian system. It refers to large sums of money in the Indian place-value system and all the countries that follow this system.
We write it as 1,00,00,000.
What is the ratio of crore to lakh?
The ratio of crore to lakh is 1:100. So no matter the amount you may need to convert from crore to lakh, you multiply it by 100 and have it in lakhs.
For instance, the number you need to convert is 7 crore. All you need to do is multiply 7 by 100, and it is equal to 700 lakh. We write it numerically as 7,00,00,000.
What is meant by lakh?
Lakh is a unit in the Indian place-value system that is equal to a hundred thousand and is written as 1,00,000.
It originated in India and was initially used to represent a stake in gambling.
You might find yourself in a situation where you don't have the number written in front of you but need to know how many zeros are in 1 lakh, in which case you should know that 1 lakh has 5 zeros.
How many lakhs are there in 2.7 crore?
There are 2 hundred and 70 lakhs (270 L) in 2.7 crores.
The conversion ratio of crore to lakh is 1:100. It means that no matter what number you are looking to convert from crore to lakh, all you have to do is multiply the number by 100, and the result is your number in lakh:
number in lakh = number in crore * 100
For instance, you want to convert 9 crores to lakhs. Multiply 9 by 100, and you have 900 lakhs.
