So far I have gotten this far:
Proof: Let $S(n)$ be the statement above $S(n)=n\geq 5,1+4n<2^n$
Now let us prove base case of n=5, S(5)=5≥5,1+4(5)<2^5=21<32.
Let us assume that for S(k)is the statement 1+4k <2^k is true for k≥5.
S(k+1) is the statement 1+4(k+1) <2^(k+1)=4k+5<2^(k+1)
The problem is I don't know where to go after this. Please help me finish my inductive step.
You have $1+4k<2^k$, and you want to show that $1+4(k+1)<2^{k+1}$.
If you can show you have added more to the right side than to the left side, you're golden.
What you have added to the left side is $1+4(k+1)-(1+4k)=4$.
What you have added to the right side is $2^{k+1}-2^k=2^k$.
Can you take it from here?