It is 500/1000. You can simplify this but it makes little sense to do so if you want to add other fractions of a litre to this one.
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500 millilitres is equal to half of 1 litre. Therefore, the fraction of 1 litre that 500 millilitres represents is 1/2.
500 millilitre is half (1/2) of 1 litre.
500 ml is 1/2 of a litre.
1 litre = 1000 millilitre so the fraction is 10/1000 = 0.01
1 litre = 1000 millilitres so 1 litre is gonna be 1 millilitre of one thousandth of a litre.
1 milliliter equals one cubic centimeter.