Extended Higher Order Iterative Method for Nonlinear Equations and its Convergence Analysis in Banach Spaces

In this article, a novel higher order iterative method for solving nonlinear equations is developed. The new iterative method obtained from fifth order Newton-Ozban method attains eighth order of convergence by adding a single step with only one additional function evaluation. The method is extended to Banach spaces and its local as well as semi-local convergence analysis is done under generalized continuity conditions. The existence and uniqueness results of solution are also provided along with radii of convergence balls. From the numerical experiments, it can be inferred that the proposed method is more accurate and effective in high precision computations than existing eighth order methods. The computation of error analysis and norm of functions demonstrate that proposed method takes a lead over the considered methods.