500 is not a Prime number. Other than 2, if a number is even, it is not prime since it is divisible by 2.
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The prime numbers (factors) of 500 are: 2 and 5
As a product of its prime factors: 2*2*5*5*5 = 500 or in exponents 22*53 = 500
YES, 511 is the first prime number above 500.
500 is a composite number
composite