The induction step should be "Assume that $P(n-1)$ holds, and then we show that $P(n)$ holds". This is an inaccuracy in the proof. Also, you should never say "Suppose we know that $P(n)$ is true", just say "Suppose that $P(n)$ is true". (That is the induction hypothesis, not the fact that we know it...)
The induction step should be "Assume that $P(n-1)$ holds, and then we show that $P(n)$ holds". This is an inaccuracy in the proof. Also, you should never say "Suppose we know that $P(n)$ is true", just say "Suppose that $P(n)$ is true". (That is the induction hypothesis, not the fact that we know it...)