\(S=\frac{1}{1\cdot6}+\frac{1}{6\cdot11}+\frac{1}{11\cdot16}+...+\frac{1}{496\cdot501}\)
\(S=\frac{1}{5}\left(1-\frac{1}{6}+\frac{1}{6}-\frac{1}{11}+...+\frac{1}{496}-\frac{1}{501}\right)\)
\(S=\frac{1}{5}\left(1-\frac{1}{501}\right)\)
\(S=\frac{1}{5}\cdot\frac{500}{501}\)
\(S=\frac{100}{501}\)