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Bonus Knowledge
The product of \( 50 \times 300 \) is \( 15,000 \). This multiplication can be thought of as scaling—50 is being scaled up by 300, which can help visualize large quantities in the real world, like the total cost if you buy 50 items that are each priced at 300 currency units. In everyday applications, understanding multiplication like this is crucial for budgeting. For instance, if you're planning an event and know the cost per person is $300, multiplying by the number of attendees will quickly help you estimate the total budget you need—a handy skill for keeping finances in check!