Fibonacci numbers $f(n)$ are defined recursively: $f(n) = f(n-1) +f(n-2)$ for $n > 2$ and $f(1) = 1$, $f(2) = 1$.
They also admit a simple closed form: $$\sqrt 5 f( n ) = \left(\dfrac{1+ \sqrt 5}{2}\right)^n- \left(\dfrac{1 - \sqrt 5}{2}\right)^n \tag1$$
How to prove (1) using induction?
Remarks
One could get (1) by the general method of solving recurrences: look for solutions of the form $f(n)=r^n$, then fit them to the initial values.
But there should be a more concrete proof for this specific sequence, using the principle of mathematical induction.
So we check:
Base cases: Show $$\sqrt{5}\ f(1)= \frac{1+\sqrt{5}}{2}-\frac{1-\sqrt{5}}{2}$$ and $$\sqrt{5}\ f(2)= \frac{(1+\sqrt{5})^2}{2}-\frac{(1-\sqrt{5})^2}{2}.$$ You'll need to check two base cases since the recurrence has depth $2$.
Inductive step: Assume $$\sqrt{5}\ f(k)= \frac{(1+\sqrt{5})^k}{2^k}-\frac{(1-\sqrt{5})^k}{2^k}$$ for all $1 \leq k \leq N$. Use this to deduce that $$\sqrt{5}\ f(N+1)= \frac{(1+\sqrt{5})^{N+1}}{2^{N+1}}-\frac{(1-\sqrt{5})^{N+1}}{2^{N+1}}.$$
The way to do this is to pull out terms that look like the above formula for $\sqrt{5}\ f(N)$. It should be possible to manipulate the formula to obtain $\sqrt{5}\ f(N)+\sqrt{5}\ f(N-1)$, then use the inductive hypothesis.
Conclude, by induction, that the formula holds for all $n \geq 1$.
Note, this is known as Binet's Formula for the Fibonacci Numbers.