I am writing a formal school paper (by formal I mean, with an abstract, a bibliography and $20$ pages in length) on mathematics (it is called "Extended Essay", for those having knowledge of the International Baccalaureate) and I was wondering whether I should include algebra steps as in $$\frac{(2k+1)^{-2}}{1-(2k+1)^{-2}} = \frac {1}{4k(k+1)}.$$ In fact I can do this in my head and I am sure that the external examiner will not have the slightest problem understanding steps. However, I only fear that when you don't show any steps it is as if you copied it from a book or so, which is not case.
In general for academic papers (like important undergraduate mathematical projects), should I include such steps or other non-algebraic steps that are sort of obvious and that the reader can pretty much understand even by grabbing pen and paper in the worst case?
Thanks in advance.
Always best to error on the side of providing "too much" information, than not enough. If the examiner is trained in mathematics, then you could probably get by without providing excessive detail.
But take care not to assume "too much" in the way of what you think others will know. What is "obvious" is in "the eye of the beholder." In the example you provide, I'd suggest including at least an intermediate step or explanation as to why the left-hand side follows from right hand side of your equation.
The important thing, of course, is that you understand what you are doing.
But you also want to take care to ensure others understand what you are saying.
And certainly not least, you want to be sure that others (as in examiners) understand that you understand what you are saying!