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phi, the Golden ratio is [1 + sqrt(5)]/2 = approx 1.6180...

The Fibonacci sequence is defined as follows:

U1 = 1, U2 = 1 and Un =Un-1 + Un-2 for n = 3, 4, 5, ...

that is, the first two terms are 1 and after that, each term is the sum of the previous two terms.

Now consider the sequence Un+1/Un for n = 1, 2, 3, ... that is, the sequence of each Fibonacci number divided by the one before it. This goes

U2/U1 = 1/1 = 1

U3/U2 = 2/1 = 2

and so on.

Then

U7/U6 = 13/8 = 1.6250 which is less than 1% away from phi.

U9/U8 = 34/21 = 1.6190 which is less than 0.1% away.

U16/U15 = 987/610 = 1.6180 which is less than 1 in a million away.

Thus, after the first few, terms of the Fibonacci sequence increase in approximately the Golden ratio.

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