1. **State the problem:** Multiply 70000 by 8. 2. **Formula used:** Multiplication of two numbers is given by $$a \times b$$. 3. **Apply the formula:** Here, $a = 70000$ and $b = 8$. 4. **Calculate:** $$70000 \times 8 = 560000$$. 5. **Explanation:** Multiplying 70000 by 8 means adding 70000 eight times, which results in 560000. **Final answer:** $$560000$$