I have to prove a lemma:
If $\varphi: \mathbb{R}_+ \rightarrow \mathbb{R}_+$ is monotone increasing and $\varphi(t) < t, \ \forall t \in \mathbb{R}_+$, then $\varphi^n(t) \rightarrow 0$, $(n \rightarrow \infty)$.
To be clear, $\varphi^2(t) = \varphi(\varphi(t))$.
It's just not clear to me how to proceed.
Edit: as stated by Karolis Juodelė, for the lemma to be true, $\varphi$ must be continuous.