Five thousand and five hundred are related in two ways: firstly, 5,000 is exactly ten times larger than 500; secondly, both numbers are multiples of one hundred.

 There are two straightforward ways to describe how the numbers 5,000 and 500 are related:

1. Multiplication or Division: 5,000 is ten times larger than 500. This means if you multiply 500 by 10, you will get 5,000 (500 x 10 = 5,000). Conversely, if you divide 5,000 by 10, you will get 500 (5,000 ÷ 10 = 500).

2. Place Value: Both numbers share the same digit '5' but in different place values. The '5' in 5,000 is in the thousands place, while the '5' in 500 is in the hundreds place. This shows a place value relationship where each successive place to the left is ten times larger than the place to its right. The sequence of place values goes like this: ... thousands, hundreds, tens, ones. Therefore, the number 5,000 has a '5' in the thousands place, making it ten times greater than 500, which has its '5' in the hundreds place.