Understanding the Value of the Digit 4 in 123.456

In the decimal number 123.456, the digit 4 holds the value of four hundredths (0.04). This means it is located two places to the right of the decimal point. In the context of place value, the value of a digit depends on its position within the number. Understanding this concept is crucial for grasping the significance of each digit in a decimal and is fundamental for solving mathematical problems involving decimals.