$\displaystyle\sum_{i=0}^{k-1}2^i=2^k-1$ for all $k \in\Bbb N$.
Clearly, the first step here is easy. You can start with k=1 and solve to get $2^0=2^1-1$.
What is a bit more challenging is the induction step. I don't even know where to begin here. Where would I even begin?
first prove that $\sum_{i=0}^{k}2^i = 2^{k+1}-1$
or equivalently $\sum_{i=0}^{k-1}2^i + 2^k= 2^k + 2^k - 1$