Step 1: Understanding the Question:
The problem asks for the mathematical difference between two distinct mathematical properties of a digit within a number: its place value and its face value.
Step 2: Key Formula or Approach:
Place value = Face value \times Numerical value of its position (e.g., 10, 100, 1000).
Face value = The digit itself, irrespective of its position.
Step 3: Detailed Explanation:
The given number is 4782.
First, identify the position of the digit 7. It is situated in the hundreds place.
Therefore, the place value of 7 is:
\[ 7 \times 100 = 700 \]
The face value of any digit is simply the value of the digit itself.
Therefore, the face value of 7 is \(7\).
The difference between the place value and the face value is:
\[ 700 - 7 = 693 \]
Step 4: Final Answer:
The difference is 693.