In the number 5003:
Place value of 5 (thousands place) = 5 × 1,000 = 5,000.
Place value of 0 (hundreds place) = 0.
Place value of 0 (tens place) = 0.
Place value of 3 (ones place) = 3 × 1 = 3.
Sum = 5,000 + 0 + 0 + 3 = 5,003.
Hence, option 3 is the correct option.