For abstract algebra I have to find the last two digits of $27^{2018}$, without the use of a calculator, and as a hint it says you should work in $\mathbb{Z}/100\mathbb{Z}$.
I thought breaking up the problem into $\mod(100)$ arguments. Thus: $27^{2}=729\equiv 29 \mod (100)$, and
$27^{4}=(27^{2})^{2} \equiv 29^{2}=861\equiv 61 \mod (100)$ and
$27^{8}=(27^{4})^{2} \equiv 61^{2}=3421 \equiv 21 \mod(100)$ and so on until I would find something that repeated itself. But I've done quite some terms no and I've not seen any iteration yet. So I'm thinking this is the wrong way.
Any suggestions?
$\phi(100)=40$, so we can reduce the exponent mod $40$: $$ 27^{2018}\equiv27^{18}\pmod{100} $$ Then we can square and multiply: $$ \begin{align} 27^2&\equiv29\\ 27^4&\equiv41\\ 27^8&\equiv81\\ 27^9&\equiv87\\ 27^{18}&\equiv69\pmod{100} \end{align} $$