The exercise is asking me to show the latter theorem $|f^k(x)-p| \leq a^k|x-P|$ for $k=2$. But I am confused as to how they even derived that theorem. In the proof of a theorem, that had:
$(1)$ There is a neighborhood $N_{\varepsilon}(p)$ for some $\varepsilon>0$ so that $\frac{|f(x)-f(p)|}{|x-p|} <a$ for $x\in N_{\varepsilon}(p)$ It follows that $(2)$ $|f^k(x)-p| \leq a^k|x-p|$ for $k\geq1$
I do not know how $(1)$ follows. I understand I can multiply over the denominator to get $|f(x)-f(p)| < a|x-p|$ which yields an equation that resembles. to the other inequality but I do not know how they derive it $(2)$. Thank you!
The answer is already contained in geetha290krm’s comment. Anyway…
This is what we know:
Let $x_0 \in N_\varepsilon(p)$ be fixed.
We can prove that $|f^k(x_0)-p|<a^k|x_0-p|$ for every $k \geq 1$ by induction: