Place value refers to the position of a digit in a number which determines its value. In our three-digit number, we have three places: the hundreds place, the tens place, and the ones place.
Important to note:
- The hundreds place is the leftmost digit in a three-digit number and must be non-zero, as it represents values from 100 to 999.
- The tens place is one step to the right of the hundreds place, contributing tens to the overall value.
- The ones place is the rightmost position, contributing the least but equally significant in counting total digit combinations.
For example, in 101, the 1 in the hundreds place means 100, the 0 in the tens place means 0, and the 1 in the ones place means 1. Together, they form the number 101. Understanding place value helps us determine how each digit affects the overall number, especially in combinatorial problems like the one in this exercise.