construction diagram
Thank you to Shaun from Nottingham High School and Andrei from Tudor Vianu National College, Bucharest, Romania for these solutions.

(1) Drawing the figure, I observe that ratios AE/AD and BC/BE are approximately equal, having a value of 1.6.

(2) From Pythagoras' Theorem I calculate MC (in the right-angled triangle MBC):
MC2
= BC2 + MB2 = 1 + 1/4
MC
= Ö5 /2
.
So AE=(Ö5 + 1)/2 and BE=(Ö5 - 1)/2. The ratios are:
AE
AD
= Ö5 + 1
2
and
BC
BE
= 1
(Ö5 - 1)/2
= Ö5 + 1
2
.
So, AE/AD = BC/BE.

(3) From this equality of ratios, I find out that
BE = AD.BC
AE
= 1
f
But AE = AB + BE so
f = 1 + 1
f
.
graph of y=x and y=1+1/x

(4) Substituting f = 1 the left hand side of this expression is less than the right hand side. If we increase the value given to f the left hand side increases and the right hand side decreases continuously. Substituting f = 2 the left hand side is greater than the right hand side so the value of f which satisfies this equation must lie between 1 and 2.

The two solutions of the equation can be found at the intersection of the cyan curve (y=1 + 1/x) and magenta curve (y=x). Only the positive value is considered and it is approximately 1.618.

(5) Now, I solve the equation. It is equivalent to f2 - f-1 = 0 so the solutions are
f1 = 1-Ö5
2
and
f1 = 1+Ö5
2
.
Only the second solution is valid because f > 0 .