When the New Year comes, Xiao Ming remits the saved pocket money of 500 yuan from the post office to a child in a poor mountainous area. According to regulations, the remittance fee is 1% of the remittance amount. How much money should Xiao Ming pay?
新年到了，小明把节省的零用钱500元从邮局汇给贫困山区的小朋友，按规定汇费是汇款额的1%，小明应付汇费多少元．
<gadget id="calculator">1 / 100</gadget>
<output>1/100 = around 0.01</output>

<gadget id="calculator">500 * (1/100)</gadget>
<output>5</output>

<result>5</result>