(1.01)5 = (1 + 0.01)^5
(0.99)5 = (1 - 0.01)^5
Solve with binomial theorem but dont simplify completly yet.
After using binmial theorem individually, put the values in (1 + 0.01)^5 + (1 - 0.01)^5
you will end up with-
1 + 1 + 10(0.01)^2 + 10(0.01)^2 + 5(0.01)^4 + 5(0.01)^4
= 2 + 20(0.01)^2 + 10(0.01)^4
= 2 + 20(0.0001) + 10(0.00000001)
= 2 + 0.002 + 0.0000001
= 2.0020001