We know from elementary school that the sum of the first $n$ terms of a geometric series is $S_n=\frac{a_1(q^n-1)}{q-1}$ where $a_1$ is the first element and $q$ is the common ratio.
Lemma: the sum of a converging (meaning $q<1$ ) infinite geometric series is $S_{\infty}=\frac{a_1}{1-q}$
Proof $S_{\infty} = \lim_{n \to \infty} S_n = \lim_{n \to \infty} \frac{a_1(q^n-1)}{q-1}$
Since $q<1$ we get that $\lim_{n \to \infty} q^n=0$ and so:
$S_{\infty} =\lim_{n \to \infty} \frac{a_1(q^n-1)}{q-1} = \frac{a_1(0-1)}{q-1}=\frac{-a_1}{q-1}=\frac{a_1}{1-q}$
Now back to our question: $$\sum_{i=0}^n\frac{1}{2^i} \leq \lim_{k \to \infty} \sum_{i=0}^k\frac{1}{2^i} =\frac{1}{1-\frac{1}{2}}=\frac{1}{\frac{1}{2}}=2$$
Note: the first inequality holds since every element in the series provided is positive.