Case Study:
The School Library FundScenario:
Ms. Vani, the school librarian, is tracking donations for the "Knowledge Corner" project, which aims to modernize the library. The project's financial goal is set at One Lakh \(1,00,00\).The current bank balance shows that the total amount collected so far is 79\(,\)458.
A major corporate donor, TechCorp, submitted a cheque where the amount was written out in place value form as: 2 ten thousands, 3 thousands, 3 hundreds, and 5 ones.
Use the information above to answer the following questions:
1) How much more money is needed to reach the project's financial goal of \(1,00,000\)?
2) What is the result of adding \(1\) to the largest \(5\)-digit number?
3) How many Thousands are equivalent to \(5\) Lakhs?
4) Which option correctly represents the number " Two lakh thirty thousand six hundred three" using numerals and the correct comma placement in the Indian System?
5) A number is formed by the sum of 2 ten thousands, 3 thousands, 3 hundreds, and 5 ones. What is the standard form of this number?