By mathematical induction I need to show that $a$ is a positive real number other than $1$, then
$$\sum^n_{j=1}{a^j}=(a)\frac{1-a^n}{1-a}$$
For each natural number $n$.
We us ethe first principle of mathematical induction. For the base case that $1^3=1=(\frac{1*2}{2})^2$. We presume that the above is true for all positive real numbers other than 1. Then
$$\sum^{n+1}_{j=1}{a^j}=(a)\frac{1-a^{n+1}}{1-a}$$
Could I show this and then somehow expand and factor? Or am I on the wrong track?
Your base case is incorrect: it should be for $n=1$ (and $a\neq 1$): $$\sum_{j=1}^1 a^j = a = (a)\frac{1-a^1}{1-a}.$$
Then, assume true for $n>1$: $$\sum_{j=1}^n a^j = (a)\frac{1-a^n}{1-a},$$ For $n+1$: $$\sum_{j=1}^{n+1} a^j = \sum_{j=1}^n a^j + a^{n+1},$$ by definition, so plug in the expression for $n$: $$\sum_{j=1}^{n+1} a^j = (a)\frac{1-a^n}{1-a} + (a) a^n,$$ and simplify the RHS of this expression to prove the result.