To determine how many thousands are in 12 million, we need to divide 12 million by 1,000, since a thousand is represented by 1,000.
Let’s do the calculation:
12,000,000 รท 1,000 = 12,000
This means that there are 12,000 thousands in 12 million. It’s essentially breaking down the larger figure into smaller units for easier understanding and application. This conversion is useful in various financial contexts, such as assessing budgets, investments, or expenditures, where understanding large sums in more digestible figures can aid in comprehension.