If (x+ 1/x) = 5, find the value of (x^2 + 1/x^2) and (x^4 + 1/x^4).
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x+1/x=5
squaring on both sides
(x+1/x)²=5²
x²+1/x²+2(x)(1/x)=25
x²+1/x²+2=25
x²+1/x²=25-2
x²+1/x²=23
again squaring on both sides
(x²+1/x²)²=23²
x⁴+1/x⁴+2(x²)(1/x²)=529
x⁴+1/x⁴+2=529
x⁴+1/x⁴=529-2
x⁴+1/x⁴=527
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