Alright, let's work through 5053 times 340 step by step
5053 × 340 = 340 × (5053)
+ 340 × 3 that is equal 1020
+ 340 × 50 what gives us 17000
+ 340 × 000 that equals 0
+ 340 × 5000 that is equal 1700000

= 1718020
