In which place is the digit in the number 5,341 that would be changed to form 5,841? how do the values of the two numbers compare?

We want to change the digit in the number 5,341 into 5,841, and to find the difference between the numbers.

Refer to the figure shown below.
The number 3 is in the 3rd place (hundreds) of the number 5,341 as a digit.
It is replaced by 8  to form the number 5,841.

This means that 300 is replaced by 800 because, in the third place, we count by hundreds in the 3rd place.
The difference between 800 and 300 is 500.

Subtraction of 5,341 from 5,841 also yields 500.

The digit is in the 3rd place (hundreds).
The difference between the numbers is 500.