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Each place is 10 times bigger than the place to its right: ones, tens, hundreds, thousands, ten thousands, hundred thousands.
In 45,382 the 5 is in the thousands place, so its value is 5,000.
To compare, start at the left. 52,410 > 48,999 because 5 ten thousands beats 4.
To round 47,600 to the nearest thousand, look at the hundreds digit: 6 is 5 or more, so round up to 48,000.
