Number Decomposition: Breaking Down 701,005 into Place Values

To solve this problem, we need to decompose the number 701,005 based on its digit values and their respective place values.

Let's break down the number 701,005:

• There is a 7 in the hundred-thousands place: $7 \times 100,000$
• There is a 0 in the ten-thousands place: $0 \times 10,000$ (this contributes nothing to the sum, so it can be ignored)
• There is a 1 in the thousands place: $1 \times 1,000$
• There is a 0 in the hundreds place: $0 \times 100$ (this contributes nothing)
• There is a 0 in the tens place: $0 \times 10$ (this contributes nothing)
• There is a 5 in the units place: $5 \times 1$

Now, let's put these together to express 701,005:

$701,005 = 7 \times 100,000 + 1 \times 1,000 + 5 \times 1$

Upon comparison with the given options, choice 1 correctly presents this decomposition:

$7\times100,000+1\times1,000+5\times1=701,005$

Therefore, the correct decomposition of 701,005 is given by choice 1.