Sure thing, let's get straight to it. We start with 506 and we're going to multiply it by 5, which means adding 506 to itself 5 times.
Step 1: 0 + 506 = 506
Step 2: 506 + 506 = 1012
Step 3: 1012 + 506 = 1518
Step 4: 1518 + 506 = 2024
Step 5: 2024 + 506 = 2530

So, 506*5 = 2530