Is 1M equal to 100k?

1M = 1 Million or 10,00,000 or Ten lakhs.

fintrakk.com - What Does 1K or 1M Means? Talking About Prices, Money - Fintrakk

Is marketing good for future?

The future scope of marketing is increasing exponentially. It involves researching, planning, and coordinating. The growth of digital technologies...

Last updated Dec 30, 2018

Is Squid Game fine for 12 year olds?

“We strongly advise that children should not watch Squid Game. The show is quite graphic with a lot of violent content.” Oct 17, 2021

Last updated Feb 17, 2018

Promotion

You might have come across numbers like 1k, 2k, 10k, 100k and so on. Wondering 1K means how much in money? Or what’s the meaning of 1M talking about value and pricing?

Do you also count zeroes like an 8th grader when it comes to deterring an amount written like Rs.1950000? Well, we’ve all been there. The concept of putting K or M in front of values must be a lazy man’s way around numbers! Just kidding! But it is around us now, wherever you look the zeroes are replaced by ‘K’ or ‘M’, be it Facebook likes, Twitter Retweets or Instagram followers. In this article, we answer all your curious cats about the topic. Let’s get into it!

What does ‘1K’ or ‘1M’ mean?

In the digital world, 1K is used to refer to 1 thousand, and 1M is used to refer to 10 lakh. so when it says 18.5k it means 18,500. the letters act as a suffix to the numerals as a substitute for zeroes. Note that this does not apply with money as Million is according to US dollars and the currency conversion rates apply.

1K = 1,000 or One thousand

10K = 10,000 or Ten thousand

100K = 100,000 or Hundred thousand

1M = 1 Million or 10,00,000 or Ten lakhs

Ok, but now let’s dig deeper.

Before that, are you are a newbie in finance and wish to initiate your investment journey? We have a lot of financial topics covered including the Stock Market Basics to guide you.

What’s the Logic Behind Using “K” and “M”?

The logic behind ‘M’ being used for ‘million’ is obvious. The initial of million is used to denote it as is done with many other abbreviations. Like LG is “Life’s good” or “Be Right Bank” becomes BRB in the digital slang language. By this logic, you must wonder then why do we use ‘k’ for thousand and not ‘T’?

In Greek, K represents “Kilo” and Kilo means a thousand. Such as,

1 Kilogram = 1,000 grams or,

1 Litre = 1,000 milliliters

That is why the letter ‘k’ is used to denote a thousand of something. It was first used by French scientists to denote thousand. The word kilo however is known to originate from the Greek language Khiloi. You may like to learn about Canadian Personal Finance and also explore our Canadian FAQ section

1k Means in Money

You often must have encountered the net value of a company is millions. Or maybe when companies raise capital from VCs or other sources. For instance “Paytm raised 10M from Softbank”. Here 10M denotes to 10 time 10 Lakh i.e. 1 crore. However, if you Google 10m USD right now, it will show an amount like Rs.74,824,491. It is because of today’s USD exchange rate. You need to multiply the exchange rate with 10 lakh to determine the current value. It fluctuates on a daily basis.

Why do we use ‘K’ and ‘M’?

How much does it cost to create a social media platform?

How Much Does It Cost to Build a Social Media App? To give you a brief idea, the cost to build a social media app can vary from $30,000 to...

Last updated Dec 27, 2019

How much money do you get on TikTok for 200k followers?

If you have 200,000 followers, you can earn $100 to $200 per post. If you have 2,000 followers, you can make $5 to $9 per post. Some brands may...

Last updated Jan 10, 2019

Promotion

What is the difference when you read 18.5k and 18,500? It is the time taken to type it, the space covered by it, and the convenience to read it. In this world of digital slangs, everything is used as short forms for quicker and easier communication. For your information is shorted to FYI, As soon as possible is written as ASAP. It is suitable for both the person typing, as it takes less time and space and the person reading as they don’t have to count the number of zeroes to determine a value. Which is easier to read? Rs.74,824,491 or 1M? The later one, of course.

1K and 1M in Social Media

This K and M terminology is quite commonly used at different social media platforms. The next time you spot a celebrity having 100k followers on Twitter or Instagram, you can easily guess what it is. Ah!! And the craze of gaining millions followers has overpowered youngsters these days! Isn’t it? Imagine having 1m views or 10 m views on your social media accounts! Even the idea of it makes you feel like a celebrity! It might be easier for popular personalities to gain such big amount of followers easily. But, for a newbie it could take a lot of time, consistency and awesome content quality to reach such a milestone. And, if you are thinking to join a financial community, a fast-growing discussion hub, you can Join FINTRAKK FAQ Portal for FREE! Don’t forget to post your finance/investment/career related query on our FINTRAKK FAQ Portal and get a quick answer to it! We hope you are now clear on the abbreviation and usage of ‘K’ or ‘M’ with numbers. Now, that you are clear about the meaning of 1K and 1M, it won’t be difficult for you to understand some really big numbers. Right! Feel free drop in your views about the same below.

fintrakk.com - What Does 1K or 1M Means? Talking About Prices, Money - Fintrakk

How can I make $100 fast online?

10 Ways to Make $100 Fast Become an Uber Eats Driver-partner. ... Become an Airbnb host. ... Bank promotions. ... Sell your stuff. ... Sell your...

Last updated Mar 29, 2020

What is FBA referral fee?

The referral fee is a fee Amazon charges you no matter what, as long as you are using FBA, they're going to charge you 15% of whatever your product...

Last updated May 3, 2018

Promotion

What are the two types of publishing?

These days, book publishing falls under two basic categories: traditional publishing and self-publishing; however, the options for how to publish...

Last updated Nov 27, 2020

Promotion

Does Amazon use Kafka?

Amazon Managed Streaming for Apache Kafka (Amazon MSK) is a fully managed service that enables you to build and run applications that use Apache...

Last updated Aug 18, 2019