Answer: True.
Explanation:
Here we have the number:
26,59,360
To find the place value of the 5, we first need to count the number of decimals at the right of the 5 (until we reach the decimal point)
For this case, at the left of the 5 we have 4 decimals (9, 3, 6 and 0)
Then the place value of the 5 in that number will be 10^4
this is equal to:
10^4 = (10)*(10)*(10)*(10) = 10,000
This means that the place value of the 5 is then thousand.
Then the statement is true.