2 x 2 x 5 x 5 x 5 = 500
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500 is not a prime number. Other than 2, if a number is even, it is not prime since it is divisible by 2.
500 is a composite number
YES, 511 is the first prime number above 500.
503.
All composite numbers can be expressed as unique products of prime numbers. This is known as a prime factorization.