Increasing and decreasing approximations to a common limit ($1-1/n\uparrow 1,1+1/n\downarrow 1$)

For the two sequences in bounded monotone sequence theorem,Their directions and bounds are explicit. One is a succession of lower approximations and the other a succession of upper approximations to the same limit of a sequence. To obtain absolute error strictly below $\epsilon >0$, it suffices to choose an integer $N>1/\epsilon$, and then every $n\ge N$ works. For $\epsilon =0.01$, the first such index is $101$; at $100$ the absolute error equals the tolerance.

A geometric sequence offers a faster example. The recurrence relation $c_1=1/2$, $c_{n+1}=(c_n+1)/2$ gives $c_n=1-2^{-n}$. Thus $(c_n)$ is an increasing bounded sequence with limit of a sequence one and absolute error $2^{-n}$. For $\epsilon =0.01$, $n=7$ already works, since $2^{-7}=1/128<0.01$, whereas $2^{-6}=1/64>0.01$. The bounded monotone sequence theorem guarantees both examples converge; the formulas explain their different speeds.