Convergence and stability of a novel iterative algorithm for weak contraction in banach spaces.

The aim of this paper is to exhibit a novel two-step iterative algorithm named PV algorithm to determine the fixed points of weak contractions in Banach spaces. Data dependence result is also obtained. It is proved that this PV iterative algorithm converges strongly to the fixed point of weak contractions. This iteration is almost stable for weak contraction. Furthermore, it is proved that rate of convergence of the PV iterative algorithm is faster than Picard, Ishikawa, Mann, S,normal-S, Varat, and F* algorithms. Examples are also given to support the main result. The results of this paper are original and will further enrich the existing literature. [ABSTRACT FROM AUTHOR]