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This study presents a new one-parameter family of the well-known fixed point iteration method for solving nonlinear equations numerically. The proposed family is derived by implementing approximation through a straight line. The presence of an arbitrary parameter in the proposed family improves convergence characteristic of the simple fixed point iteration as it has a wider domain of convergence. Furthermore, we propose many two-step predictor–corrector iterative schemes for finding fixed points, which inherit the advantages of the proposed fixed point iterative schemes. Finally, several examples are given to further illustrate their efficiency.

Geometrically Constructed Family of the Simple Fixed Point Iteration Method