We express 98 as the sum or difference of two numbers whose powers are easier to calculate and then use binomial theorem.
Write 98=100−2
Therefore, (98)5=(100−2)5 =5C0(100)5−5C1(100)4⋅2+5C2(100)322 −5C3(100)2(2)3+5C4(100)(2)4−5C5(2)5 =10000000000−5×100000000×2+10×1000000×4 −10×10000×8+5×100×16−32 =10040008000−1000800032=9039207968.