Find the last two digits of $ 7^{81} ?$
$7^2=49=50-1$
$\implies 7^4=(7^2)^2=(50-1)^2=50^2-2\cdot50\cdot1+1\equiv1\pmod {100}$
$$\implies 7^{81}=7\cdot(7^4)^{20}\equiv7\cdot1^{20}\pmod{100}\equiv7$$
In general, Euler's totient theorem or Carmichael's theorem can be used in such cases.
Here
$ \phi(100)=10\cdot\phi(10)=10\cdot\phi(2)\cdot\phi(5)=40$
$\implies 7^{40}\equiv1\pmod{100}$ as $(7,100)=1$
So, $7^{81}=(7^{40})^2\cdot7\equiv1^2\cdot7\pmod{100}\equiv7$
and $\lambda(100)=$lcm$(\lambda(25),\lambda(4))=$lcm$(20,2)=20$
So, $7^{81}=(7^{20})^4\cdot7\equiv1^4\cdot7\pmod{100}\equiv7$
$7^{81} = 283753509180010707824461062763116716606126555757084586223347181136007$. So, the last two digits are $07$. The first two digits are $28$. In fact, the last three digits are James Bond.
Last $2$ digits of powers of $7$:
$7^1 = 07$
$7^2 = 49$
$7^3 = 43$
$7^4 = 01$
..................................
$7^5 = 07$
$7^6 = 49$
$7^7 = 43$
$7^8 = 01$
So the last two digits repeat in cycles of $4$.
Hence $7^{81}$ has the last two digits same as that of $7^1$. So answer is : $07$