1 Million in Rupees

Some of the difficulties often faced by many of us while doing mathematical calculations or sometimes transactions include measuring how many rupees are in a million and how one million is different from one rupee. When you know how it's done, converting 1 million to rupees is no longer frustrating.

This article will help you to understand the terms million and rupees and how to convert different values of million to rupees and vice versa. So, let's begin!

What is meant by a Million?

The word "million", which directly translates to "a great thousand", comes from the Italian word "milione". It is an extremely large number and is typically used to count large amounts of money, items, or people. According to the international place value system, one million is represented as 1,000,000. Simply put, it is represented as the number having six zeros followed by one.

Here are some random examples of million in real life:

• A million seconds are equivalent to 11.5 days.
• One million minutes are equal to two years.
• In certain areas, $1 million is enough to buy a relatively big home.
• Millions of sand grains might fit in a large bucket.
• A million water drops may fill a pool.

What is meant by a Rupee?

The official currency of India is the rupee, often known as the Indian Rupee. It ranks as the 19^th most traded currency globally. There are 100 paise in one rupee. The currency code for the rupee is INR, and its symbol is ?.

Some common applications (or examples) of rupees in real life are as follows:

• Paying for products or services in India: Rupees are typically used for making purchases in India. For instance, you would use certain amounts of rupees to pay for a cup of coffee in a cafe.
• Transferring funds to India: You can transfer funds in rupees to India. You may use specific amounts of rupees, for instance, to transfer money to a friend or relative in India.
• Investing in India: On the Indian stock market, investors may purchase bonds and stocks in Indian rupees. For instance, you may purchase stocks and bonds of desired rupees if you wish to engage in the Indian stock market.
• Tax Payment: In India, taxes are also paid in rupees. For example, if you were an Indian citizen, you would pay your taxes calculated in rupees.

How much is one million in terms of rupees?

In particular, one million is equal to 10 lakh rupees. We can explain it further.

In India, the Indian numeral system is followed, while in foreign countries like the USA, the International numeral system is followed. The Indian numeral system follows the pattern of ones, tens, hundreds, thousands, lakhs, and so on. In contrast, the pattern of ones, tens, thousands, millions, and so on, is followed in the international numeral system. So, when we compare both the numeral systems, the worth of a million, however, can be stated as:

One million (written as 1,000,000) equals 10,00,000 rupees, which equals 10 lakh rupees. In other words, a million is equivalent to 1000 thousands.

Conversion of Million to Rupees

The conversion is pretty simple. As we discussed earlier, one million is equal to 10 lakh rupees. Therefore, to convert a million to rupees, one needs to multiply that value of a million by 10,00,000. For example, two million multiplied by 10,00,000 gives the value of the two million in rupees, i.e., 20,00,000 rupees.

The mathematical way to represent the above example is:

2 (million) × 10,00,000 = 20,00,000 Rupees

Conversion of Rupees to Million

The conversion of rupees to million is also quite easy to understand.

As we know, one million = 10,00,000 rupees. Then 1 rupee is equal to 1/10,00,000 (i.e., 0.000001) million.

Therefore, to convert any amount of rupees into a million, we need to multiply that particular amount by 0.000001. For example, suppose that we need to find out the value of 20,00,000 rupees in terms of million. Then we will multiply this (20 lakhs) by 0.000001 to get the value in terms of a million.

The mathematical way to represent the above example is:

20,00,000 × 0.000001 million = 2 million

Few Examples

Example 1: Change 1 lakh to a million.

Solution: We know that 1 million is equal to 10 lakh rupees. To convert rupees to million, we need to multiply that value of rupees by 0.000001.

Therefore, 1,00,000 × 0.000001 = 0.1 million

Hence, one lakh is equal to 0.1 million.

Example 2: Convert 0.6 million to rupees.

Solution: We know that 1 million is equal to 10 lakh rupees. To convert a million to rupees, we have to multiply that value of a million by 10,00,000.

Therefore, 0.6 × 10,00,000 = 6,00,000 rupees

Hence, 0.6 million is equal to 6 lakh rupees.

Example 3: Convert 50 lakhs into a million.

Solution: We know that 1 million is equal to 10 lakh rupees. To convert rupees to million, we need to multiply that value of rupees by 0.000001.

Therefore, 50,00,000 × 0.000001 = 5 million

Hence, 50 lakh is equal to 5 million.

Example 4: What is 30 million in terms of rupees?

Solution: We know that 1 million is equal to 10 lakh rupees. To convert a million to rupees, we must multiply that value of a million by 10,00,000 (10 lahks).

Therefore, 30 × 10,00,000 = 3,00,00,000 rupees

Hence, 30 million is equal to 3 crore rupees.