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\begin{array}{c}\phantom{\times9999}500000\\\underline{\times\phantom{99999}11111}\\\end{array}
First line up the numbers vertically and match the places from the right like this.
\begin{array}{c}\phantom{\times9999}500000\\\underline{\times\phantom{99999}11111}\\\phantom{\times9999}500000\\\end{array}
Now multiply the first number with the 1^{st} digit in 2^{nd} number to get intermediate results. That is Multiply 500000 with 1. Write the result 500000 at the end leaving 0 spaces to the right like this.
\begin{array}{c}\phantom{\times9999}500000\\\underline{\times\phantom{99999}11111}\\\phantom{\times9999}500000\\\phantom{\times999}500000\phantom{9}\\\end{array}
Now multiply the first number with the 2^{nd} digit in 2^{nd} number to get intermediate results. That is Multiply 500000 with 1. Write the result 500000 at the end leaving 1 spaces to the right like this.
\begin{array}{c}\phantom{\times9999}500000\\\underline{\times\phantom{99999}11111}\\\phantom{\times9999}500000\\\phantom{\times999}500000\phantom{9}\\\phantom{\times99}500000\phantom{99}\\\end{array}
Now multiply the first number with the 3^{rd} digit in 2^{nd} number to get intermediate results. That is Multiply 500000 with 1. Write the result 500000 at the end leaving 2 spaces to the right like this.
\begin{array}{c}\phantom{\times9999}500000\\\underline{\times\phantom{99999}11111}\\\phantom{\times9999}500000\\\phantom{\times999}500000\phantom{9}\\\phantom{\times99}500000\phantom{99}\\\phantom{\times9}500000\phantom{999}\\\end{array}
Now multiply the first number with the 4^{th} digit in 2^{nd} number to get intermediate results. That is Multiply 500000 with 1. Write the result 500000 at the end leaving 3 spaces to the right like this.
\begin{array}{c}\phantom{\times9999}500000\\\underline{\times\phantom{99999}11111}\\\phantom{\times9999}500000\\\phantom{\times999}500000\phantom{9}\\\phantom{\times99}500000\phantom{99}\\\phantom{\times9}500000\phantom{999}\\\underline{\phantom{\times}500000\phantom{9999}}\\\end{array}
Now multiply the first number with the 5^{th} digit in 2^{nd} number to get intermediate results. That is Multiply 500000 with 1. Write the result 500000 at the end leaving 4 spaces to the right like this.
\begin{array}{c}\phantom{\times9999}500000\\\underline{\times\phantom{99999}11111}\\\phantom{\times9999}500000\\\phantom{\times999}500000\phantom{9}\\\phantom{\times99}500000\phantom{99}\\\phantom{\times9}500000\phantom{999}\\\underline{\phantom{\times}500000\phantom{9999}}\\\phantom{\times}1260532704\end{array}
Now add the intermediate results to get final answer.