I nternat. J. 4ath. & Math. Si. 531 Vol. 2 #3 (1979) 531-535 AN ELEMENTARY INEQUALITY SEYMOUR HABER United States Department of Commerce National Bureau of Standards Washington, D.C. 20234 (Received November 8, 1978) An elementary inequality is proved in this note. ABSTRACT. KEY WORDS AND PHRASES. Inequy, Compound interest. AMS (MOS) SUBJECT CLASSIFICATION (1970) CODES. I. 26DT5. INTRODUCTION AND RESULTS. The following theorems present a series of closely related inequalities. form that was found originally is given first. THEOREM i. a, b If n a PROOF. + _> 0 an-I be defined by 0 b n is a positive integer, then + an-2 b 2 +’’’+ n+ I b n > (a +2 Let Ix] be, as usual, the integer part of [n/2 ], symbol and b n x, and let the (I i) The 532 S. HABER x Enl2] o x 0 + 0 + x I +...+ X[n/2]_ I + x +...+ X[n/2 ] 1 x 1 if x[n/2] n is even. n a > b, we divide through by a in Assuming, without loss of generality, that and set is odd n if (I.I), b/a, obtaining x+ x 2 +...+ xn 1+ (1 +2 x) > n+l n O-<x<- 1 (1.2) Now (i En/2] x)n + * o i () (x + xn-f) and i + x + x 2 +...+ xn i <x + xn-i 0 so that we may rewrite (1.2) as ()) (x i + xn-i) >- 0 2n I + x We now note that > x + xn-I > x 2 + xn-2 >...> an example of the rearrangements inequality k X +X n-k k+I/2 X X 0 < x -< I x [n/2] (1.3) + xn-[n/2] ([I ], p.261), since we can -I/2 n-k-I/2 +X This is write XI/2 and X and for and x i/2 k+l 0 < k _< [n/2] + Xn-k-I k+I/2 I, x It follows that if we set X k+I/2 and X 1/2 + Xn-k-I/2 X -1/2 n-k-i/2 x are in the same order as x -1/2 533 ELEMENTARY INEQUALITY n-i if i < n/2 xi+x a i x I n-i + x then a 0 -> a > > I when n+l b >-...> I -> 2 2 (n) i n In/2] I, 2, i and since (i.i) b[ n/2] b. b, the sum of the a n/2 is even and i If we also set a[n/2 ]. bi it is clear that b n if 2 (1.3) are equalities (1.3) is then an immediate consequence of is zero. the following obvious lemma, which is also related to the rearrangements inequality. LEMMA. b I > b 2 k If >...> b is a positive integer and a b and k I + b 2 +...+ b I 0, then k > a 2 >...> a k alb I + a2b 2 >_ 0, and +...+ akbk > 0. COROLLARIES. n x -I > n(x-l) n x-I n(x-l) < )n-I x+l. x >_ 1 and (1.4) 0,1,2, n n-I 0 _< x _< I (--) and 0,1,2, n (1.5) Inequality (1.4) is a sharpening of Hardy, Littlewood, and Polya’s (2.15.3) for part of the latter’s range, while (1.5) is complementary to (2.15.3) for another These are immediate consequences of (1.2), which is valid for part of its range. all x _> 0 by Theorem i. (The case (1.2) holds for is obvious; similarly is not a consequence of Theorem I. but 0 n n 0 if we interpret I + x + x 2 +...+ x n as 1 for that case.) Setting (1.4) and (1.5) gives us the inequalities n-I n ) t > 0 and n (l+t) > l+nt(l+, 0,1,2, x l+t in (1.6) and (l+t) Putting -t n < ) l+nt(l+ in place of t n-I -I _< t < 0 and n 0,1,2 gives an alternative form: (1.7) S. HABER 534 n-I Replacing I/t by t (t+l) l-nt(l-) < (l-t) n > n t in 0 < t -< and (1.8) 0,1,2, n (1.6) gives us n-i + n(t+ ) This is better than (1.6) for t > 1 t > 0 and (1.9) 0,1,2, n though not as good for (for n > 2). t < Similarly, from (1.8) we obtain I n-I < tn (t_l)n n(t-) t > and (I.I0) 0,1,2, n (1.6) is a sharpening of the observation that compound interest beats simple interest: a period rate n periods, is better than simple t(l+t/2) n-I interest at the rate (1.6) t, compounded for (i.i0) were obtained from (1.4) or (1.5) by invertible bilinear changes of variable; similarly each of (1.4) and (1.5) may be obtained from the other by replacing x by I/x. Thus (1.4)-(1.10) are equivalent, and equivalent to Theorem I. Another bilinear transformation- setting (l+t) n which is obvious’. (l-t) n > 2nt x 0 < t < (l+t)/(l-t) and in (1.4) gives us (I.II) 0,1,2, n This provides a quick alternate proof of Theorem i., but one which does not show the donnection with the rearrangements inequality. The form of inequalities (1.4) n. (i. ii) suggests consideration of non-integral The inequalities are equivalent in this precise sense; for any given n, one of these inequalities holds for its stated range of values of the other variable (x or t) if and only if all the other inequalities hold, for that stated ranges of the other variable. Thus for each n n, for their (1.4) we may choose which of (I.II) to study, at our convenience. For 0 < n < I (and 0 < t < I) the binomial expansion of (l+t) n (l-t) n is ELEMENTARY INEQUALITY () () and each of the coefficients holds for For between n n 0 I between 535 is positive. It follows that I. I. and 2, all of and (), (), are negative. So for I < n < 2 (and in fact I < n < 2), (I.II) holds with the inequality reversed. For non-integral n > 2 we look at (1.6). i + f (t,n) nt(l) n-I (l+t) f(0,n) is < 0 I. - Set n To show that (1.6) holds, it is sufficient to show that for (I + (l+t)n+l t > 0, n > 2. Setting ( -) ( This is certainly negative when ) I n-2, the quantity in brackets is s . t s +) st/2 1 (I + is negative; when the latter is non- negative, the whole quantity is st < (z---) (e z_<o Summing up we have THEOREM 2. Each of the inequalities (1.4) (I.II) holds also for non-lntegral n, when 0 < n < I and when n > 2: for I < n < 2 each of (1.4) (i.ii) holds with the direction of the inequality reversed. REFERENCES i. Hardy, G.H., J.E. Littlewood and G. Polya, Inequalities, Cambridge University Press (1959).