Assume that $a_1,a_2,\ldots,a_n>0$ and $a_1+a_2+\cdots+a_n<\frac{1}{2}$, and prove that $$(1+a_1)(1+a_2)\cdots(1+a_n)<2$$
I've tried Hölder's inequality (the same result can easily be derived using AM-GM). I've found out that it's sufficient to prove that $$ \left(\frac{2n+1}{2n}\right)^n<2. $$
(I've created this sign for myself to use informally while searching for a proof. Proving that one of the signs holds will prove my inequality). Does anyone see how one could prove this (if it holds, of course)?
However, there must be a way to prove the inequality by using induction at first rather than the Holder's inequality or AM-GM. Thanks.
And I'm sorry. But I'd forgotten to add that neither logs nor calculus can be used.
First proof. We shall use the inequality $$ \log (1+x)\le x,\,\,\, \text{for $x\ge 0$}, \tag{1} $$ which implies that $$ \sum_{k=1}^n \log(1+a_n)\le \sum_{k=1}^n a_n<\frac{1}{2}, $$ and hence $$ \prod_{k=1}^n (1+a_n)=\exp\left(\sum_{k=1}^n \log(1+a_n)\right)<\mathrm{e}^{1/2}<2, $$ as $\mathrm{e}<4$.
Second proof. Without the use of $(1)$. Instead we use Cauchy Inequality: $$ \frac{x_1+\cdots+x_n}{n}\ge \sqrt[n]{x_1\cdots x_n}. $$ Here $x_i=1+a_i$, $\sum_{i=1}^n x_i=\sum_{i=1}^n(1+ a_i)<n+\frac{1}{2}$, and thus $$ \frac{n+\frac{1}{2}}{n}>\frac{x_1+\cdots+x_n}{n}\ge \left(\prod_{i=1}^n(1+a_i)\right)^{1/n}, $$ and hence $$ \prod_{i=1}^n(1+a_i)<\Big(1+\frac{1}{2n}\Big)^n<2,\tag{2} $$ since $$ \Big(1+\frac{1}{2n}\Big)^n=\sum_{k=0}^n\binom{n}{k}\left(\frac{1}{2n}\right)^{\!k}<\sum_{k=0}^n\frac{1}{2^k}<2, $$ as $$ \binom{n}{k}\left(\frac{1}{2n}\right)^{\!k}=\frac{n(n-1)\cdots(n-k+1)}{k!n^k}\cdot\frac{1}{2^k}<\frac{1}{2^k}. $$
Notes.
Inequality $(1)$ is obtained by integrating $\,f(t)=\dfrac{1}{1+t}\le 1\,$ in the interval $[0,x]$.
It turns out that the optimal formulation of this question is:
If $a_1,a_2,\ldots,a_n>0$ and $a_1+a_2+\ldots+a_n<\dfrac{1}{2}$, then $(1+a_1)(1+a_2)\ldots(1+a_n)<\sqrt{\mathrm{e}}$.
The optimal value is attained for $a_1=\cdots=a_n=\dfrac{1}{2n}-\varepsilon$, for $\varepsilon\to 0$ and $n\to\infty$.
It is noteworthy that $(2)$ is true if on the right $2$ is replaced by $\sqrt{\mathrm{e}}$, since $$ \left(1+\frac{1}{2n}\right)^{n}<\sqrt{\mathrm{e}}. $$