[math-fun] why can a line of slope 10^n determine n decimal digits of π?

Just noticed this yesterday and can't figure out why it works. Draw a circle with radius 1 around 0,0. Draw a line with slope -10 that hits the circle at 1,0. This line will also hit the circle again and make a little arc. The length of the arc will be about 1/31 the perimeter of the circle. Now try again with a line of slope -100. The line will create an arc 1/314 of the circle. Starting to look a bit like pi. Am wondering why this is. In case I made a mistake here's what I'm trying to describe.. if the circle were a clock the first line would cut an arc from 15 minutes (3:00) to almost the 13 minute mark.