Whole numbers do not have a decimal point. The numbers have various positions given in the table below:
The value of a digit is how we read the digit at its position. For example, in the number 1456, the digit ‘4’ has a value of 400.
The place value of the digit is the position value of the digit in a numeral. Again the digit ‘4’ has the place value of ‘100s’.
In other words, place value of a digit is the position value of digit in that place, and the value of a digit is the digit multiplied by the position or place value.
For example, for the number 263741, the place value of 6 is ‘ten thousand’ i.e ‘10,000’, and the place value of 6 is 60,000 (position value x place value – 6 x 10,000)