Without delay, let's solve this. We've got 501 and we will be multiplying it by 496, that is, adding 501 to itself 496 times.
Step 1: 0 + 501 = 501
Step 2: 501 + 501 = 1002
Step 3: 1002 + 501 = 1503
Step 4: 1503 + 501 = 2004
Step 5: 2004 + 501 = 2505
Step 6: 2505 + 501 = 3006
Step 7: 3006 + 501 = 3507
Step 8: 3507 + 501 = 4008
Step 9: 4008 + 501 = 4509
Step 10: 4509 + 501 = 5010
Step 11: 5010 + 501 = 5511
Step 12: 5511 + 501 = 6012
Step 13: 6012 + 501 = 6513
Step 14: 6513 + 501 = 7014
Step 15: 7014 + 501 = 7515
Step 16: 7515 + 501 = 8016
Step 17: 8016 + 501 = 8517
Step 18: 8517 + 501 = 9018
Step 19: 9018 + 501 = 9519
Step 20: 9519 + 501 = 10020
Step 21: 10020 + 501 = 10521
Step 22: 10521 + 501 = 11022
Step 23: 11022 + 501 = 11523
Step 24: 11523 + 501 = 12024
Step 25: 12024 + 501 = 12525
Step 26: 12525 + 501 = 13026
Step 27: 13026 + 501 = 13527
Step 28: 13527 + 501 = 14028
Step 29: 14028 + 501 = 14529
Step 30: 14529 + 501 = 15030
Step 31: 15030 + 501 = 15531
Step 32: 15531 + 501 = 16032
Step 33: 16032 + 501 = 16533
Step 34: 16533 + 501 = 17034
Step 35: 17034 + 501 = 17535
Step 36: 17535 + 501 = 18036
Step 37: 18036 + 501 = 18537
Step 38: 18537 + 501 = 19038
Step 39: 19038 + 501 = 19539
Step 40: 19539 + 501 = 20040
Step 41: 20040 + 501 = 20541
Step 42: 20541 + 501 = 21042
Step 43: 21042 + 501 = 21543
Step 44: 21543 + 501 = 22044
Step 45: 22044 + 501 = 22545
Step 46: 22545 + 501 = 23046
Step 47: 23046 + 501 = 23547
Step 48: 23547 + 501 = 24048
Step 49: 24048 + 501 = 24549
Step 50: 24549 + 501 = 25050
Step 51: 25050 + 501 = 25551
Step 52: 25551 + 501 = 26052
Step 53: 26052 + 501 = 26553
Step 54: 26553 + 501 = 27054
Step 55: 27054 + 501 = 27555
Step 56: 27555 + 501 = 28056
Step 57: 28056 + 501 = 28557
Step 58: 28557 + 501 = 29058
Step 59: 29058 + 501 = 29559
Step 60: 29559 + 501 = 30060
Step 61: 30060 + 501 = 30561
Step 62: 30561 + 501 = 31062
Step 63: 31062 + 501 = 31563
Step 64: 31563 + 501 = 32064
Step 65: 32064 + 501 = 32565
Step 66: 32565 + 501 = 33066
Step 67: 33066 + 501 = 33567
Step 68: 33567 + 501 = 34068
Step 69: 34068 + 501 = 34569
Step 70: 34569 + 501 = 35070
Step 71: 35070 + 501 = 35571
Step 72: 35571 + 501 = 36072
Step 73: 36072 + 501 = 36573
Step 74: 36573 + 501 = 37074
Step 75: 37074 + 501 = 37575
Step 76: 37575 + 501 = 38076
Step 77: 38076 + 501 = 38577
Step 78: 38577 + 501 = 39078
Step 79: 39078 + 501 = 39579
Step 80: 39579 + 501 = 40080
Step 81: 40080 + 501 = 40581
Step 82: 40581 + 501 = 41082
Step 83: 41082 + 501 = 41583
Step 84: 41583 + 501 = 42084
Step 85: 42084 + 501 = 42585
Step 86: 42585 + 501 = 43086
Step 87: 43086 + 501 = 43587
Step 88: 43587 + 501 = 44088
Step 89: 44088 + 501 = 44589
Step 90: 44589 + 501 = 45090
Step 91: 45090 + 501 = 45591
Step 92: 45591 + 501 = 46092
Step 93: 46092 + 501 = 46593
Step 94: 46593 + 501 = 47094
Step 95: 47094 + 501 = 47595
Step 96: 47595 + 501 = 48096
Step 97: 48096 + 501 = 48597
Step 98: 48597 + 501 = 49098
Step 99: 49098 + 501 = 49599
Step 100: 49599 + 501 = 50100
Step 101: 50100 + 501 = 50601
Step 102: 50601 + 501 = 51102
Step 103: 51102 + 501 = 51603
Step 104: 51603 + 501 = 52104
Step 105: 52104 + 501 = 52605
Step 106: 52605 + 501 = 53106
Step 107: 53106 + 501 = 53607
Step 108: 53607 + 501 = 54108
Step 109: 54108 + 501 = 54609
Step 110: 54609 + 501 = 55110
Step 111: 55110 + 501 = 55611
Step 112: 55611 + 501 = 56112
Step 113: 56112 + 501 = 56613
Step 114: 56613 + 501 = 57114
Step 115: 57114 + 501 = 57615
Step 116: 57615 + 501 = 58116
Step 117: 58116 + 501 = 58617
Step 118: 58617 + 501 = 59118
Step 119: 59118 + 501 = 59619
Step 120: 59619 + 501 = 60120
Step 121: 60120 + 501 = 60621
Step 122: 60621 + 501 = 61122
Step 123: 61122 + 501 = 61623
Step 124: 61623 + 501 = 62124
Step 125: 62124 + 501 = 62625
Step 126: 62625 + 501 = 63126
Step 127: 63126 + 501 = 63627
Step 128: 63627 + 501 = 64128
Step 129: 64128 + 501 = 64629
Step 130: 64629 + 501 = 65130
Step 131: 65130 + 501 = 65631
Step 132: 65631 + 501 = 66132
Step 133: 66132 + 501 = 66633
Step 134: 66633 + 501 = 67134
Step 135: 67134 + 501 = 67635
Step 136: 67635 + 501 = 68136
Step 137: 68136 + 501 = 68637
Step 138: 68637 + 501 = 69138
Step 139: 69138 + 501 = 69639
Step 140: 69639 + 501 = 70140
Step 141: 70140 + 501 = 70641
Step 142: 70641 + 501 = 71142
Step 143: 71142 + 501 = 71643
Step 144: 71643 + 501 = 72144
Step 145: 72144 + 501 = 72645
Step 146: 72645 + 501 = 73146
Step 147: 73146 + 501 = 73647
Step 148: 73647 + 501 = 74148
Step 149: 74148 + 501 = 74649
Step 150: 74649 + 501 = 75150
Step 151: 75150 + 501 = 75651
Step 152: 75651 + 501 = 76152
Step 153: 76152 + 501 = 76653
Step 154: 76653 + 501 = 77154
Step 155: 77154 + 501 = 77655
Step 156: 77655 + 501 = 78156
Step 157: 78156 + 501 = 78657
Step 158: 78657 + 501 = 79158
Step 159: 79158 + 501 = 79659
Step 160: 79659 + 501 = 80160
Step 161: 80160 + 501 = 80661
Step 162: 80661 + 501 = 81162
Step 163: 81162 + 501 = 81663
Step 164: 81663 + 501 = 82164
Step 165: 82164 + 501 = 82665
Step 166: 82665 + 501 = 83166
Step 167: 83166 + 501 = 83667
Step 168: 83667 + 501 = 84168
Step 169: 84168 + 501 = 84669
Step 170: 84669 + 501 = 85170
Step 171: 85170 + 501 = 85671
Step 172: 85671 + 501 = 86172
Step 173: 86172 + 501 = 86673
Step 174: 86673 + 501 = 87174
Step 175: 87174 + 501 = 87675
Step 176: 87675 + 501 = 88176
Step 177: 88176 + 501 = 88677
Step 178: 88677 + 501 = 89178
Step 179: 89178 + 501 = 89679
Step 180: 89679 + 501 = 90180
Step 181: 90180 + 501 = 90681
Step 182: 90681 + 501 = 91182
Step 183: 91182 + 501 = 91683
Step 184: 91683 + 501 = 92184
Step 185: 92184 + 501 = 92685
Step 186: 92685 + 501 = 93186
Step 187: 93186 + 501 = 93687
Step 188: 93687 + 501 = 94188
Step 189: 94188 + 501 = 94689
Step 190: 94689 + 501 = 95190
Step 191: 95190 + 501 = 95691
Step 192: 95691 + 501 = 96192
Step 193: 96192 + 501 = 96693
Step 194: 96693 + 501 = 97194
Step 195: 97194 + 501 = 97695
Step 196: 97695 + 501 = 98196
Step 197: 98196 + 501 = 98697
Step 198: 98697 + 501 = 99198
Step 199: 99198 + 501 = 99699
Step 200: 99699 + 501 = 100200
Step 201: 100200 + 501 = 100701
Step 202: 100701 + 501 = 101202
Step 203: 101202 + 501 = 101703
Step 204: 101703 + 501 = 102204
Step 205: 102204 + 501 = 102705
Step 206: 102705 + 501 = 103206
Step 207: 103206 + 501 = 103707
Step 208: 103707 + 501 = 104208
Step 209: 104208 + 501 = 104709
Step 210: 104709 + 501 = 105210
Step 211: 105210 + 501 = 105711
Step 212: 105711 + 501 = 106212
Step 213: 106212 + 501 = 106713
Step 214: 106713 + 501 = 107214
Step 215: 107214 + 501 = 107715
Step 216: 107715 + 501 = 108216
Step 217: 108216 + 501 = 108717
Step 218: 108717 + 501 = 109218
Step 219: 109218 + 501 = 109719
Step 220: 109719 + 501 = 110220
Step 221: 110220 + 501 = 110721
Step 222: 110721 + 501 = 111222
Step 223: 111222 + 501 = 111723
Step 224: 111723 + 501 = 112224
Step 225: 112224 + 501 = 112725
Step 226: 112725 + 501 = 113226
Step 227: 113226 + 501 = 113727
Step 228: 113727 + 501 = 114228
Step 229: 114228 + 501 = 114729
Step 230: 114729 + 501 = 115230
Step 231: 115230 + 501 = 115731
Step 232: 115731 + 501 = 116232
Step 233: 116232 + 501 = 116733
Step 234: 116733 + 501 = 117234
Step 235: 117234 + 501 = 117735
Step 236: 117735 + 501 = 118236
Step 237: 118236 + 501 = 118737
Step 238: 118737 + 501 = 119238
Step 239: 119238 + 501 = 119739
Step 240: 119739 + 501 = 120240
Step 241: 120240 + 501 = 120741
Step 242: 120741 + 501 = 121242
Step 243: 121242 + 501 = 121743
Step 244: 121743 + 501 = 122244
Step 245: 122244 + 501 = 122745
Step 246: 122745 + 501 = 123246
Step 247: 123246 + 501 = 123747
Step 248: 123747 + 501 = 124248
Step 249: 124248 + 501 = 124749
Step 250: 124749 + 501 = 125250
Step 251: 125250 + 501 = 125751
Step 252: 125751 + 501 = 126252
Step 253: 126252 + 501 = 126753
Step 254: 126753 + 501 = 127254
Step 255: 127254 + 501 = 127755
Step 256: 127755 + 501 = 128256
Step 257: 128256 + 501 = 128757
Step 258: 128757 + 501 = 129258
Step 259: 129258 + 501 = 129759
Step 260: 129759 + 501 = 130260
Step 261: 130260 + 501 = 130761
Step 262: 130761 + 501 = 131262
Step 263: 131262 + 501 = 131763
Step 264: 131763 + 501 = 132264
Step 265: 132264 + 501 = 132765
Step 266: 132765 + 501 = 133266
Step 267: 133266 + 501 = 133767
Step 268: 133767 + 501 = 134268
Step 269: 134268 + 501 = 134769
Step 270: 134769 + 501 = 135270
Step 271: 135270 + 501 = 135771
Step 272: 135771 + 501 = 136272
Step 273: 136272 + 501 = 136773
Step 274: 136773 + 501 = 137274
Step 275: 137274 + 501 = 137775
Step 276: 137775 + 501 = 138276
Step 277: 138276 + 501 = 138777
Step 278: 138777 + 501 = 139278
Step 279: 139278 + 501 = 139779
Step 280: 139779 + 501 = 140280
Step 281: 140280 + 501 = 140781
Step 282: 140781 + 501 = 141282
Step 283: 141282 + 501 = 141783
Step 284: 141783 + 501 = 142284
Step 285: 142284 + 501 = 142785
Step 286: 142785 + 501 = 143286
Step 287: 143286 + 501 = 143787
Step 288: 143787 + 501 = 144288
Step 289: 144288 + 501 = 144789
Step 290: 144789 + 501 = 145290
Step 291: 145290 + 501 = 145791
Step 292: 145791 + 501 = 146292
Step 293: 146292 + 501 = 146793
Step 294: 146793 + 501 = 147294
Step 295: 147294 + 501 = 147795
Step 296: 147795 + 501 = 148296
Step 297: 148296 + 501 = 148797
Step 298: 148797 + 501 = 149298
Step 299: 149298 + 501 = 149799
Step 300: 149799 + 501 = 150300
Step 301: 150300 + 501 = 150801
Step 302: 150801 + 501 = 151302
Step 303: 151302 + 501 = 151803
Step 304: 151803 + 501 = 152304
Step 305: 152304 + 501 = 152805
Step 306: 152805 + 501 = 153306
Step 307: 153306 + 501 = 153807
Step 308: 153807 + 501 = 154308
Step 309: 154308 + 501 = 154809
Step 310: 154809 + 501 = 155310
Step 311: 155310 + 501 = 155811
Step 312: 155811 + 501 = 156312
Step 313: 156312 + 501 = 156813
Step 314: 156813 + 501 = 157314
Step 315: 157314 + 501 = 157815
Step 316: 157815 + 501 = 158316
Step 317: 158316 + 501 = 158817
Step 318: 158817 + 501 = 159318
Step 319: 159318 + 501 = 159819
Step 320: 159819 + 501 = 160320
Step 321: 160320 + 501 = 160821
Step 322: 160821 + 501 = 161322
Step 323: 161322 + 501 = 161823
Step 324: 161823 + 501 = 162324
Step 325: 162324 + 501 = 162825
Step 326: 162825 + 501 = 163326
Step 327: 163326 + 501 = 163827
Step 328: 163827 + 501 = 164328
Step 329: 164328 + 501 = 164829
Step 330: 164829 + 501 = 165330
Step 331: 165330 + 501 = 165831
Step 332: 165831 + 501 = 166332
Step 333: 166332 + 501 = 166833
Step 334: 166833 + 501 = 167334
Step 335: 167334 + 501 = 167835
Step 336: 167835 + 501 = 168336
Step 337: 168336 + 501 = 168837
Step 338: 168837 + 501 = 169338
Step 339: 169338 + 501 = 169839
Step 340: 169839 + 501 = 170340
Step 341: 170340 + 501 = 170841
Step 342: 170841 + 501 = 171342
Step 343: 171342 + 501 = 171843
Step 344: 171843 + 501 = 172344
Step 345: 172344 + 501 = 172845
Step 346: 172845 + 501 = 173346
Step 347: 173346 + 501 = 173847
Step 348: 173847 + 501 = 174348
Step 349: 174348 + 501 = 174849
Step 350: 174849 + 501 = 175350
Step 351: 175350 + 501 = 175851
Step 352: 175851 + 501 = 176352
Step 353: 176352 + 501 = 176853
Step 354: 176853 + 501 = 177354
Step 355: 177354 + 501 = 177855
Step 356: 177855 + 501 = 178356
Step 357: 178356 + 501 = 178857
Step 358: 178857 + 501 = 179358
Step 359: 179358 + 501 = 179859
Step 360: 179859 + 501 = 180360
Step 361: 180360 + 501 = 180861
Step 362: 180861 + 501 = 181362
Step 363: 181362 + 501 = 181863
Step 364: 181863 + 501 = 182364
Step 365: 182364 + 501 = 182865
Step 366: 182865 + 501 = 183366
Step 367: 183366 + 501 = 183867
Step 368: 183867 + 501 = 184368
Step 369: 184368 + 501 = 184869
Step 370: 184869 + 501 = 185370
Step 371: 185370 + 501 = 185871
Step 372: 185871 + 501 = 186372
Step 373: 186372 + 501 = 186873
Step 374: 186873 + 501 = 187374
Step 375: 187374 + 501 = 187875
Step 376: 187875 + 501 = 188376
Step 377: 188376 + 501 = 188877
Step 378: 188877 + 501 = 189378
Step 379: 189378 + 501 = 189879
Step 380: 189879 + 501 = 190380
Step 381: 190380 + 501 = 190881
Step 382: 190881 + 501 = 191382
Step 383: 191382 + 501 = 191883
Step 384: 191883 + 501 = 192384
Step 385: 192384 + 501 = 192885
Step 386: 192885 + 501 = 193386
Step 387: 193386 + 501 = 193887
Step 388: 193887 + 501 = 194388
Step 389: 194388 + 501 = 194889
Step 390: 194889 + 501 = 195390
Step 391: 195390 + 501 = 195891
Step 392: 195891 + 501 = 196392
Step 393: 196392 + 501 = 196893
Step 394: 196893 + 501 = 197394
Step 395: 197394 + 501 = 197895
Step 396: 197895 + 501 = 198396
Step 397: 198396 + 501 = 198897
Step 398: 198897 + 501 = 199398
Step 399: 199398 + 501 = 199899
Step 400: 199899 + 501 = 200400
Step 401: 200400 + 501 = 200901
Step 402: 200901 + 501 = 201402
Step 403: 201402 + 501 = 201903
Step 404: 201903 + 501 = 202404
Step 405: 202404 + 501 = 202905
Step 406: 202905 + 501 = 203406
Step 407: 203406 + 501 = 203907
Step 408: 203907 + 501 = 204408
Step 409: 204408 + 501 = 204909
Step 410: 204909 + 501 = 205410
Step 411: 205410 + 501 = 205911
Step 412: 205911 + 501 = 206412
Step 413: 206412 + 501 = 206913
Step 414: 206913 + 501 = 207414
Step 415: 207414 + 501 = 207915
Step 416: 207915 + 501 = 208416
Step 417: 208416 + 501 = 208917
Step 418: 208917 + 501 = 209418
Step 419: 209418 + 501 = 209919
Step 420: 209919 + 501 = 210420
Step 421: 210420 + 501 = 210921
Step 422: 210921 + 501 = 211422
Step 423: 211422 + 501 = 211923
Step 424: 211923 + 501 = 212424
Step 425: 212424 + 501 = 212925
Step 426: 212925 + 501 = 213426
Step 427: 213426 + 501 = 213927
Step 428: 213927 + 501 = 214428
Step 429: 214428 + 501 = 214929
Step 430: 214929 + 501 = 215430
Step 431: 215430 + 501 = 215931
Step 432: 215931 + 501 = 216432
Step 433: 216432 + 501 = 216933
Step 434: 216933 + 501 = 217434
Step 435: 217434 + 501 = 217935
Step 436: 217935 + 501 = 218436
Step 437: 218436 + 501 = 218937
Step 438: 218937 + 501 = 219438
Step 439: 219438 + 501 = 219939
Step 440: 219939 + 501 = 220440
Step 441: 220440 + 501 = 220941
Step 442: 220941 + 501 = 221442
Step 443: 221442 + 501 = 221943
Step 444: 221943 + 501 = 222444
Step 445: 222444 + 501 = 222945
Step 446: 222945 + 501 = 223446
Step 447: 223446 + 501 = 223947
Step 448: 223947 + 501 = 224448
Step 449: 224448 + 501 = 224949
Step 450: 224949 + 501 = 225450
Step 451: 225450 + 501 = 225951
Step 452: 225951 + 501 = 226452
Step 453: 226452 + 501 = 226953
Step 454: 226953 + 501 = 227454
Step 455: 227454 + 501 = 227955
Step 456: 227955 + 501 = 228456
Step 457: 228456 + 501 = 228957
Step 458: 228957 + 501 = 229458
Step 459: 229458 + 501 = 229959
Step 460: 229959 + 501 = 230460
Step 461: 230460 + 501 = 230961
Step 462: 230961 + 501 = 231462
Step 463: 231462 + 501 = 231963
Step 464: 231963 + 501 = 232464
Step 465: 232464 + 501 = 232965
Step 466: 232965 + 501 = 233466
Step 467: 233466 + 501 = 233967
Step 468: 233967 + 501 = 234468
Step 469: 234468 + 501 = 234969
Step 470: 234969 + 501 = 235470
Step 471: 235470 + 501 = 235971
Step 472: 235971 + 501 = 236472
Step 473: 236472 + 501 = 236973
Step 474: 236973 + 501 = 237474
Step 475: 237474 + 501 = 237975
Step 476: 237975 + 501 = 238476
Step 477: 238476 + 501 = 238977
Step 478: 238977 + 501 = 239478
Step 479: 239478 + 501 = 239979
Step 480: 239979 + 501 = 240480
Step 481: 240480 + 501 = 240981
Step 482: 240981 + 501 = 241482
Step 483: 241482 + 501 = 241983
Step 484: 241983 + 501 = 242484
Step 485: 242484 + 501 = 242985
Step 486: 242985 + 501 = 243486
Step 487: 243486 + 501 = 243987
Step 488: 243987 + 501 = 244488
Step 489: 244488 + 501 = 244989
Step 490: 244989 + 501 = 245490
Step 491: 245490 + 501 = 245991
Step 492: 245991 + 501 = 246492
Step 493: 246492 + 501 = 246993
Step 494: 246993 + 501 = 247494
Step 495: 247494 + 501 = 247995
Step 496: 247995 + 501 = 248496

So, 501*496 = 248496