Proof by induction
Base Case when n=1
LHS = 1^3=1 RHS= 1/4(1^2)(1+1)^2=1/4(1)(2^2)=1/4(4)
Assume true for n=k
so ∑r^3= 1/4k^2(k+1)^2
For n=k+1
∑r^3 = ∑k terms + (k+1)^3 = 1/4(k^2)(k+1)^2 + (k+1)^3
= 1/4(k^2)(k+1)^2 + (k+1)^2(k+1)
=1/4(k^2+4k+4)(k+1)^2
Completing the square k^2+ 4k + 4 = (k+2)^2
=1/4(k+2)^2(k+1)^2
Same form as above with n replaced by k+1
Therefore it is true for n=k+1 if true for n=k but true for n=1 so true for n=2 and so on.
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