Alright, let's work through 5240 times 501 step by step
5240 × 501 = 501 × (5240)
+ 501 × 0 giving us 0
+ 501 × 40 that equals 20040
+ 501 × 200 producing 100200
+ 501 × 5000 giving us 2505000

= 2625240
