Ans: ${\left( {1 + \dfrac{x}{2} - \dfrac{2}{x}} \right)^4}$
\[{ = ^n}{C_0}\left( {1 + {{\dfrac{x}{2}}^4}} \right){ - ^n}{C_1}{\left( {1 + {{\dfrac{x}{2}}^4}} \right)^3}\left( {\dfrac{2}{x}} \right) - {\,^n}{C_2}{\left( {1 + {{\dfrac{x}{2}}^4}} \right)^2}{\left( {\dfrac{2}{x}} \right)^2}{ - ^n}{C_3}\left( {1 + {{\dfrac{x}{2}}^4}} \right){\left( {\dfrac{2}{x}} \right)^3}{ - ^n}{C_4}{\left( {\dfrac{2}{x}} \right)^4}\]
\[ = \left( {1 + {{\dfrac{x}{2}}^4}} \right) - 4{\left( {1 + {{\dfrac{x}{2}}^4}} \right)^3}\left( {\dfrac{2}{x}} \right) + \,6\left( {1 + x + {{\dfrac{x}{4}}^2}} \right)\left( {\dfrac{4}{{{x^2}}}} \right) - 4\left( {1 + \dfrac{x}{2}} \right)\left( {\dfrac{8}{{{x^3}}}} \right) + \left( {\dfrac{{16}}{{{x^4}}}} \right)\]
\[ = \left( {1 + {{\dfrac{x}{2}}^4}} \right) - {\left( {1 + {{\dfrac{x}{2}}^4}} \right)^3}\left( {\dfrac{8}{x}} \right) + \,\left( {\dfrac{8}{{{x^2}}}} \right) + \dfrac{{24}}{x} + 6 - \left( {\dfrac{{32}}{{{x^3}}}} \right) + \left( {\dfrac{{16}}{{{x^4}}}} \right)\]…..(1)
Again, by using the Binomial Theorem, we obtain
\[{\left( {1 + \dfrac{x}{2}} \right)^4}{ = ^4}{C_0}{(1)^4}{ + ^4}{C_1}{(1)^3}\left( {\dfrac{x}{2}} \right){ + ^4}{C_2}{(1)^2}{\left( {\dfrac{x}{2}} \right)^2}{ + ^4}{C_3}\,{\left( {\dfrac{x}{2}} \right)^3}{ + ^4}{C_4}{\left( {\dfrac{x}{2}} \right)^4}\]
$ = 1 + 4 \times \dfrac{x}{2} + 6 \times \dfrac{{{x^4}}}{4} + 4 \times \dfrac{{{x^3}}}{8} + \dfrac{{{x^3}}}{{16}}$
$ = 1 + 2x + \dfrac{{3{x^2}}}{2} + \dfrac{{{x^3}}}{2} + \dfrac{{{x^4}}}{{16}}$…..(2)
\[{\left( {1 + \dfrac{x}{2}} \right)^3}{ = ^3}{C_0}{(1)^3}{ + ^3}{C_1}{(1)^2}\left( {\dfrac{x}{2}} \right){ + ^3}{C_2}(1){\left( {\dfrac{x}{2}} \right)^2}{ + ^3}{C_3}\,{\left( {\dfrac{x}{2}} \right)^3}\]
$ = \,1 + \dfrac{{3x}}{2} + \dfrac{{3{x^2}}}{4} + \dfrac{{{x^3}}}{8} + \dfrac{{{x^3}}}{8}$…… (3)
From (1), (2), and (3) we obtain
${\left( {\left( {1 + \dfrac{x}{2}} \right) - \dfrac{2}{x}} \right)^4}$
$ = 1 + 2x + \dfrac{{3{x^2}}}{2} + \dfrac{{{x^3}}}{2} + \dfrac{{{x^4}}}{{16}} - \left( {\dfrac{8}{x}} \right)\left( {1 + \dfrac{{3x}}{2} + \dfrac{{3{x^2}}}{4} + \dfrac{{{x^3}}}{8}} \right) + \dfrac{8}{{{x^2}}} + \dfrac{{24}}{x} + 6 - \dfrac{{32}}{{{x^3}}} + \dfrac{{16}}{{{x^4}}}$
$ = 1 + 2x + \dfrac{{3{x^2}}}{2} + \dfrac{{{x^3}}}{2} + \dfrac{{{x^4}}}{{16}} - \dfrac{8}{x} - 12 - 6x - {x^2} - \dfrac{8}{{{x^2}}} + \dfrac{{24}}{x} + 6 - \dfrac{{32}}{{{x^3}}} + \dfrac{{16}}{{{x^4}}}$
$ = \dfrac{{16}}{x} + \dfrac{8}{{{x^2}}} - \dfrac{{32}}{{{x^3}}} + \dfrac{{16}}{{{x^4}}} - 4x + \dfrac{{{x^2}}}{2} + \dfrac{{{x^3}}}{2} + \dfrac{{{x^4}}}{{16}} - 5$.