Dont confuse yourself, Jamie.
1Terabyte (TB) is 1000 Gigabytes (GB). 1Tebibyte (TiB) is 1024 Gibibytes (GiB). Tera is a decimal system (base 10) and Tebi is a binary system.
We use decimal system (base 10). The reason you see 1024GB = 1TB it's because of computers HDD I suppose, where Microsoft Windows does this whereas Linux and Mac OSX use decimal not binary and show it as decimal. Win uses binary units and shows them as decimal and that where a lot of problems happen like seeing HDD smaller than advertised. For example: Buying a 1TB HDD will give you only 931GB in Windows to use.
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500GB is 1/2 of 1TB (please dont use only T xD)