This is how you would write that number: $500,000. Since the number is in the thousands, you know that it must have at least 3 zeros behind it, or at least be made up of 4 digits. If you only added 3 though, you would have five thousand (5,000) rather than five hundred thousand (3 zeros instead of 5). A number in the hundreds is a 3 digit number, whereas a number in the thousands has 4-6. If you take the number 500 and put it in the thousands, you know that you need to add 3 more zeros to the end of 500 to represent that value: $500,000.
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You can write one thousand five hundred eighty dollars as either $1,580 or one thousand five hundred eighty dollars.
$100,500
$125,005
$400,405
$104,500.00