The only thing I can work out is that if you break the ring up into differential elements, compute the Potential at the initial point due to that dV element, integrate over 2pi, you'll get the total potential at the initial point due to the ring.
[tex]V_i = \frac{kQ}{r}[/tex]
[tex]dV= \frac{kdQ}{r}[/tex]
[tex]dQ = \lambda ds[/tex]
[tex]ds = r d\Theta[/tex]
[tex]dV= \frac {k \lambda r d \Theta}{r}[/tex]
[tex]dv=k \lambda d\Theta[/tex]
[tex]V_i=\int_0^{2\pi}{k \lambda d\Theta}[/tex]
[tex]V_i= k\lambda \int_0^{2\pi} d\Theta[/tex]
[tex]V_i=k\lambda 2\pi[/tex]
[tex]\lambda = \frac{Q_1}{L}[/tex]
[tex]\lambda = \frac {Q_1}{2\pi r}[/tex]
[tex]V_i= k 2\pi\frac {Q_1}{2\pi r}[/tex]
[tex]r=\sqrt{R^2 + d^2}[/tex]
[tex]V_i= \frac{KQ_1}{\sqrt{R^2 + d^2}}[/tex]
And if we do the same for the charge at the origin [itex]V_f[/itex], we get:
[tex]V_f= \frac{KQ_1}{R}[/tex]
So, if the potential at the starting point is [tex]V_i= \frac{KQ_1}{\sqrt{R^2 + d^2}}[/tex] then the potential energy at that point is [itex]Q_2V_i[/itex] or [tex]U_i= \frac{KQ_1Q_2}{\sqrt{R^2 + d^2}}[/tex]
And the potential energy at the ending point would be [itex]Q_2V_f[/itex] or [tex]U_f= \frac{KQ_1Q_2}{R}[/tex]
So the change in potential energy would be [itex]U_f-U_i[/itex], correct? And this is equal to the work being done by the electric field present ([itex]U_f-U_i=W_{e}[/itex])?? If so, then the work done by ME would be the negative of that work? ([itex]W_{app}=-W_{e}[/itex])
Am I even close??