Answer :

The value of 7 in 67098 is 7000 and the value of 7 in 74702 is 70000 or 700 so it is either 10 times or 1/10th of the the value.
1.The value of 7 in 67908 is 10 times lesser than the value of 7 in the ten thousands place. 

2.The value of 7 in 67908 is 10 times greater than the value of 7 in the hundreds place.

Illustration: 
1. 7000 × 10 = 70000
2. 7000 ÷ 10 = 700

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