Here is another excellent solution from Andrei of Tudor Vianu
National College, Bucharest, Romania.
We are given $F_n={1\over\sqrt5}(\alpha^n-\beta^n)$ where $\alpha$
and $\beta$ are solutions of the quadratic equation $x^2-x-1=0$ and
$\alpha > \beta$.
(1) In the quadratic equation $ax^2+bx+c=0$ with roots $\alpha$ amd
$\beta$, using Viete's relations for the sum and product of the
roots, I obtain: $\alpha\beta =-b/a$, $\alpha + \beta = c/a$
In the particular case of the equation $x^2-x-1=0$, I have:
$\alpha\beta =-1$, $\alpha + \beta = 1$
(2)$${1\over \alpha} + {1\over \alpha^2}={\alpha + 1\over
\alpha^2}=1$$ as $\alpha$ satisfies $x^2=x+1$. Similarly for
$\beta$.
(3) Here I shall prove that $F_1=1$, $F_2=1$ and $F_n + F_{n+1} =
F_{n+2}$ and hence $F_n$ is the $n$th Fibonacci number. First, I
calculate $\alpha$ and $\beta$: $\alpha={1+\sqrt5\over 2}$ and
$\alpha={1+\sqrt5\over 2}$
and hence the result is true for $n=k+1$. By the principle of
mathematical induction the statement $P_n$ is true for all positive
integer values of $n$ which completes the proof.