Consider the series,
\begin{equation*}
\sum_{n=1}^{\infty} \frac{1}{n(n+1)} = \frac{1}{1 \cdot 2} + \frac{1}{2 \cdot 3} + \frac{1}{3 \cdot 4} + \dots
\end{equation*}
The term can be rewritten as two fractions, using partial fraction decomposition,
\begin{equation*}
\frac{1}{n(n+1)} = \frac{A}{n} + \frac{B}{n+1}
\end{equation*}
\begin{equation*}
\frac{1}{n(n+1)} = \frac{1}{n} - \frac{1}{n+1}
\end{equation*}
Then, consider the partial sums of the series, which are given by,
\begin{align*}
s_N \amp= \sum_{n=1}^N \brac{\frac{1}{n} - \frac{1}{n+1}}\\
\amp= \underbrace{\frac{1}{1} - \frac{1}{2}}_{n=1} + \underbrace{\frac{1}{2} - \frac{1}{3}}_{n=2} + \underbrace{\frac{1}{3} - \frac{1}{4}}_{n=3} + \dots + \underbrace{\frac{1}{N} - \frac{1}{N+1}}_{n=N}
\end{align*}
Notice that the \(\frac{1}{2}\)s cancel out, the \(\frac{1}{3}\)s also cancel out, etc. In general, each negative term is cancelled out by the positive term 1 term to the right. Then, the only terms that are not cancelled out are the leading \(\frac{1}{1}\) and the ending \(-\frac{1}{N+1}\text{.}\) Therefore,
\begin{equation*}
s_N = 1 - \frac{1}{N+1}
\end{equation*}
This is a formula which gives the partial sum of the series \(s_N\) for any \(N\text{.}\) In other words, this formula gives the sum of the first \(N\) terms of the series. For example,
\begin{align*}
s_1 \amp= 1 - \frac{1}{2} = \frac{1}{2}\\
s_2 \amp= 1 - \frac{1}{3} = \frac{2}{3}\\
s_3 \amp= 1 - \frac{1}{4} = \frac{3}{4}\\
s_{100} \amp= 1 - \frac{1}{101} = \frac{100}{101}
\end{align*}
Recall that the sum of a series is the limit of its partial sums as \(N \to \infty\text{.}\) Notice that the partial sums \(s_N\) are approaching 1. In particular, as \(N \to \infty\text{,}\)
\begin{align*}
\sum_{n=1}^{\infty} \frac{1}{n(n+1)} \amp= \lim_{N \to \infty} s_N\\
\amp= \lim_{N \to \infty} \brac{1 - \underbrace{\frac{1}{N+1}}_{\to 0}}\\
\amp= 1
\end{align*}
