Alright, let's solve this math problem step by step. First, we have the number 500. Next, we see the multiplication sign, which means we need to multiply something. And what are we multiplying it by? We multiply it by 16. So, we're going to take the number 500 and add it to itself 16 times.
Step 1: 0 + 500 = 500
Step 2: 500 + 500 = 1000
Step 3: 1000 + 500 = 1500
Step 4: 1500 + 500 = 2000
Step 5: 2000 + 500 = 2500
Step 6: 2500 + 500 = 3000
Step 7: 3000 + 500 = 3500
Step 8: 3500 + 500 = 4000
Step 9: 4000 + 500 = 4500
Step 10: 4500 + 500 = 5000
Step 11: 5000 + 500 = 5500
Step 12: 5500 + 500 = 6000
Step 13: 6000 + 500 = 6500
Step 14: 6500 + 500 = 7000
Step 15: 7000 + 500 = 7500
Step 16: 7500 + 500 = 8000

So, 500*16 = 8000