An iterative method for solving the initial-value problem:
Assume that f is a continuous function in the first variable and Lipschitz in the second variable. Then there exists an open interval about x0 on which there is a unique solution y(x). The solution can be constructively found as the limit of functions yn(x), where
As an example, suppose dy/dx = y and y(0) = 1. Then
So yn(x) is the first n + 1 terms of the exponential series and converges to the solution y(x) = ex.