The document discusses the fixed point iteration method, which is a numerical method used to find approximate solutions to algebraic and transcendental equations. It presents the theorems and algorithm of the fixed point iteration method, and provides examples of its applications. Some key points covered include expressing equations in the form x=g(x) such that the derivative is less than 1, using successive approximations xn=g(xn-1) to generate a converging sequence, and illustrating the geometric interpretation of the method graphically. The document concludes that fixed point theory has many applications in mathematics.