What Is The Dollar Value Of “1k”?

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The worth of 1k in {dollars} is $1,000. One grand is one other method to say 1000. Even although “ok” isn’t an official unit of money, it’s typically used instead of lengthy numbers.

Because “ok” is an abbreviation for “kilo,” it’s used when speaking about $1,000. Kilo is a unit of measurement that stands for 1,000, like in kilogramme or kilometre. Some theories say that it’s used due to how computer systems deal with knowledge. A kilobyte, or kb, is 1024 bytes, which is 210 or 1k. Most folks, although, solely see the 1,000 and never the 24, so that they use the letter ‘ok’ to imply $1000. Most of the time, you will notice “1k” or “100k” as an alternative of “1,000” or “100,000.”


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