How can I prove inequality $$ (1+\frac{1}{2n})^n<2 $$ for $n\in\mathbb{N}$ by using induction proof method?
I have tried to write that: for $n=1$ it's true. So let's suppose that $(1+\frac{1}{2n})^n<2$. and now I don't know what do nect because I know that $(1+\frac{1}{2(n+1)})^{n+1} > (1+\frac{1}{2n})^n$ but I don't know how to show that $(1+\frac{1}{2(n+1)})^{n+1} < 2$. In this task I cannot use the definition of $e$ number.
You can prove by induction that $$(1-x_1)(1-x_2)\cdots (1-x_n)\geq 1-x_1-x_2-\ldots -x_n$$ for all real numbers $x_1,x_2,\ldots,x_n\in[0,1]$ (the equality holds, by the way, iff at least $n-1$ of $x_1,x_2,\ldots,x_n$ are $0$). Using that inequality, we have $$\frac{1}{\left(1+\frac1{2n}\right)^n}=\left(1-\frac{1}{2n+1}\right)^n\geq 1-\frac{n}{2n+1}>\frac{1}{2}.$$