The Banach fixed-point theorem states that a contraction mapping of a nonempty complete metric space has a unique fixed point, and iterations of a map converge to it from every . Precisely, assume a single constant satisfies for every .
Induction gives . The triangle inequality and the geometric series therefore give, for ,Thus is a Cauchy sequence. By completeness it converges to some . The contraction mapping is a continuous map, so . If is another fixed point, then , forcing . Letting in the estimate also gives the contraction iteration error bound:If , is constant and the sequence reaches its unique fixed point after the first step; this also removes any ambiguity about in the displayed estimate at .
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