Answer:
y = {0, -1, -2}
Interest = 500 x .03 x 4
I = 60
Closing Balance = 500 (p) + 60 (1)
Closing Balance = 560
a - 1/a =5
take squaring both side
(a - 1/a )^2 = (5)^2
a^2 +1/a^2 -2.a.1/a =25
a^2+1/a^2 -2 =25
a^2+1/a^2 =27 (answer)