A picture would help here, so try to sketch along as I describe the geometrical figure used to solve the problem.
Start with a circle and a chord. Label the endpoints of the chord A and B. Now, starting from the center of the circle, draw the bisector of the chord (which itself is a radius of the circle). Label the center of the circle C, and the intersection of the bisector and the chord D. Now, we have 4 labelled points. That's all we need.
The chord is 5 inches from the center of the circle; this means that segment CD = 5 inches. Since AD bisects the chord, which is 10 inches long, we also have segments DA = 5 inches and DB = 5 inches. The bisector of a chord forms right angles with the chord, so triangles CAD and CBD are both right triangles.
We only need one of these triangles to solve the problem, so let's choose triangle CAD. CD and AD are the legs of the triangle, and CA is the hypotenuse. Since CA starts at the center of the circle and ends on the circle itself, it is a radius. To solve the problem, we need to find the length of CA. We can represent this length as r (standing for radius) in the solution.
Since we have a right triangle, we can use the Pythagorean Theorem:
(Leg1)2 + (Leg2)2 = (hypotenuse)2
(CD)2 + (AD)2 = (CA)2
52 + 52 = r2
r2 = 50
r = √(50)
=√(2*5*5)
=5√2