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.
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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’?
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.
May it be Facebook, Twitter, Instagram, LinkedIn, or any other platform, having a substantial number of followers or connections brings sheer excitement. Right! So, have you planned your strategies to increase your follower count?
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.
FAQs
This is a counting abbreviation that is put after numbers to make the counting easier. stands for 'a thousand' the numerical value preceding has to be multiplied with to substitute. ∴ 1 K = 1 × 1000 = R s . 1000.
What is the meaning for 1M? ›
One million equals one thousand thousand or ten lakhs. Numerically, it is represented as: 1 million (M) = 1000, 000. 1 million = 10, 00000 = 10 lakhs.
What is more K or M in numbers? ›
Why is there such a difference in terms when they basically mean the same thing? K comes from the Greek world "kilo" which means one thousand and is used in metric / decimal systems. The corresponding prefix for one million is M. An amount in the accounting and financial world shown as $14K would equate to $14,000.00.
Is 1K better than 1M? ›
( 'm' also stands for meter, but comparing k with meter in this situation doesn't make any sense.) So 1k > 1m by a long chalk, 1 kilometer is 1000000 times bigger than a 1mm, or 1kW is 1000000 time more powerful than 1mW.
What is meaning of K and M? ›
K comes from the Greek word kilo which means a thousand. The Greeks would likewise show million as M, short for Mega. So if we stay consistent with the Greek abbreviations, then billion would be shown as a letter G (Giga). Think of your computer expressing bytes of memory as kilobyte, megabyte, or gigabyte.
How much is 1M in numbers? ›
As we know, 1 million = 1, 000, 000 or one thousand thousand.
How much is 1 k? ›
Is 1M a number? ›
To correct problems in compact numbers below, please go to Compact Decimal Formatting.
...
Verify Number Formats: English.
| Numeric Format | Compact-Short | Compact-Long |
|---|
| 2,000 | 2K | 2 thousand |
| 10,000 | 10K | 10 thousand |
| 100,000 | 100K | 100 thousand |
| 1,000,000 | 1M | 1 million |
27 more rows1000 thousand is equal to 1 million.
What does K mean in amounts? ›
The capital letter K is sometimes used informally to represent one thousand (dollars), especially in newspaper headlines.
Common Big and Small Numbers
| Name | The Number | Symbol |
|---|
| billion | 1,000,000,000 | G |
| million | 1,000,000 | M |
| thousand | 1,000 | k |
| hundred | 100 | h |
9 more rowsWhat 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.
What makes the 1M special? ›
Thanks to the stick shift gearbox, it plays a major role why the 1M is so appealing. The engine sends all the power to the rear wheels making it just the perfect machine to drive around twisty and winding roads. The engine was tuned to develop 335 hp and 332 lb-ft of torque.
What does 1K mean in physics? ›
1 K is defined as (1/273.15)th of the temperature of the triple point of water.
What does M mean in money? ›
In finance and accounting, MM (or lowercase “mm”) denotes that the units of figures presented are in millions. The Latin numeral M denotes thousands. Thus, MM is the same as writing “M multiplied by M,” which is equal to “1,000 times 1,000”, which equals 1,000,000 (one million).
Is K after M? ›
Letters in the alphabet:
The English Alphabet consists of 26 letters: A, B, C, D, E, F, G, H, I, J, K, L, M, N, O, P, Q, R, S, T, U, V, W, X, Y, Z.
What is K and M in social media? ›
What does “K” or “M” behind numbers mean? On the Internet, 1K is used to represent 1 thousand and 10K is used to represent 10 thousand, similarly, 1M is used to represent 1 million. 1M = 1 Million (ie 10 Lakh)
How many 1000 is 1m? ›
A million is 1000 thousands, a billion is 1000 millions, and a trillion is 1000 billions.
How much money means 1 million? ›
1 million = 10,00,000 in the Indian place value system. Hence, 1 million is equivalent to 1000 thousands.
What is 1 million in thousands? ›
Millions to thousands: 1 million = 1000 thousand. Thousands to millions: 1 thousand = 0.001 million.
One million (1,000,000), or one thousand thousand, is the natural number following 999,999 and preceding 1,000,001.
What is M of number? ›
M Roman Numerals in numbers is 1000. There are seven symbols (alphabets) used in the Roman Numeral system. They are I, V, X , L, C, D and M. They represent the numbers 1, 5, 10, 50, 100, 500 and 1000 respectively. Since M is the fundamental symbol for Roman numerals, it represents the number 1000.
How do you write 1 million dollars? ›
Writing millions in numbers can be done using the fact that one million is written as 1 followed by six zeros, or 1000000. Often, we use a comma to separate every three digits in one million, so it is written as 1,000,000. 1 million in numbers?
How much is K worth in money? ›
“K” in money means a thousand. In Mathematics, Kilo means thousand, thus, the letter K. For example, 10k money basically just means five thousand (10,000).
Is 10 000 the same as 1 million? ›
how many ten thousands makes one million? so to get from 10,000 to 1,000,000 you need to append two zeros. In other words you need to multiply 10,000 by 100.
How much is 10k in money? ›
“K” in money means a thousand. In Mathematics, Kilo means thousand, thus, the letter K. For example, 10k money basically just means five thousand (10,000). When used with currencies.
How much is 5K? ›
A 5K run is 3.1 miles. Don't be daunted by the distance. A 5K run is a great distance for a beginner.
How much is 1000k? ›
A: K is a monetary suffix meaning thousand. So 100k = $100,000.... 10k would be $10,000. 1,000 k is not used very often but it does = 1,000,000 or one million.
What is 1m in money? ›
1 million (M) = 1000, 000. 1 million = 10, 00000 = 10 lakhs. 1000,000 is the succeeding number to 999,999 and the preceding number to 1000,001, such that; 999999+1 = 1000000. 1000001 – 1 = 1000000.
What does 5K mean? ›
The 5K run is a long-distance road running competition over a distance of five kilometres (3.107 mi). Also referred to as the 5K road race, 5 km, or simply 5K, it is the shortest of the most common road running distances.
A grand is a thousand dollars or a thousand pounds.
How long is a 1k? ›
As the name suggests, 1000m is one-thousand meters or 0.621 miles. On a standard 400-meter track, the 1000m race is exactly 2.5 laps, so it starts on the far 200-meter line, runs two full laps, then finishes the final half lap to end at the standard finish line.
How much is a 3k? ›
3 kilometres is just under 2 miles or about the same length as a walk to your local shops and back.
What comes after a 10k? ›
Let's break down the distance of a 5K — and longer races, such as a 10K, 15K, half marathon, marathon, and ultramarathon — to give you a clearer idea of the distance each one covers, and how long it'll take to cross the finish line.
How many 1000 is 1M? ›
A million is 1000 thousands, a billion is 1000 millions, and a trillion is 1000 billions.
Is 1M a thousand? ›
One million (1,000,000), or one thousand thousand, is the natural number following 999,999 and preceding 1,000,001. The word is derived from the early Italian millione (milione in modern Italian), from mille, "thousand", plus the augmentative suffix -one.
Is 1M dollars a lot? ›
Making a million dollars a year or more puts you in the top 0.1% of income earners in the world. A top 1% income is over $500,000 today in America. With such an income, you should eventually have at least a top 1% net worth of over $11 million per person.
How is 1M calculated? ›
One meter is approximately equal to 3.28084 feet. To convert meters to feet, multiply the given meter value by 3.28084 feet. For example, 5 meters to feet is converted as follows: We know that, to convert 5 meters to feet, multiply 5 by 3.28084.
