Research Article Efficient Four-Parametric with-and-without-Memory Iterative Methods Possessing High Efficiency Indices Alicia Cordero , 1 Moin-ud-Din Junjua , 2 Juan R. Torregrosa , 1 Nusrat Yasmin , 2 and Fiza Zafar 1,2 1 Instituto de Matem´ atica Multidisciplinar, Universitat Polit` ecnica de Val` encia, Val` encia, Spain 2 Centre for Advanced Studies in Pure and Applied Mathematics, Bahauddin Zakariya University, Multan 60800, Pakistan Correspondence should be addressed to Juan R. Torregrosa; jrtorre@mat.upv.es Received 12 December 2017; Accepted 8 March 2018; Published 10 April 2018 Academic Editor: Hang Xu Copyright © 2018 Alicia Cordero et al. Tis is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. We construct a family of derivative-free optimal iterative methods without memory to approximate a simple zero of a nonlinear function. Error analysis demonstrates that the without-memory class has eighth-order convergence and is extendable to with- memory class. Te extension of new family to the with-memory one is also presented which attains the convergence order 15.5156 and a very high efciency index 15.5156 1/4 ≈ 1.9847. Some particular schemes of the with-memory family are also described. Numerical examples and some dynamical aspects of the new schemes are given to support theoretical results. 1. Introduction In this manuscript, the problem of fnding numerical solu- tions of nonlinear equations ()=0 is addressed. Iterative procedures are widely used to solve this problem, (see, e.g., [1–3]). Traub [3] classifed the iterative methods as one- step and multistep schemes. One-step Stefensen’s iterative method is a known improvement of Newton’s method as it avoids using the derivative unlike in the case of Newton’s method. Te concept of optimal iterative method was given by Kung and Traub [4]; that is, a multistep iterative scheme, without memory, based on +1 functional evaluations could attain an optimal order of convergence 2 . According to Ostrowski [2], if is the convergence order of an iterative method and is the total number of functional evaluations per iteration, then the index = 1/ is known as efciency index of an iterative method. Since multistep iterative methods overcome theoretical limits of one-step methods concerning the order of convergence and the efciency index, therefore several multistep iterative schemes have been developed for solving nonlinear equations (see, e.g., [5–7] and the overview [8]). Some optimal eighth- order methods without memory can be found in [9–14]; these methods, among others, have been designed by using diferent techniques as composition of known schemes and elimination of functional evaluations using interpolation, rational approximations, and so on or by freezing the deriva- tives and using weight function procedure. Multistep iterative methods with memory, which use information from the current and previous iterations, can increase the convergence order and the efciency index of the multistep iterative methods without memory with no additional functional evaluations. Te increasing in the order of convergence is based on one or more accelerator parameters which appear in the error equations of methods without memory. For this reason, several multistep memory iterative methods have been developed in recent years. For a background study regarding the acceleration of convergence order with memorization, one should see, for example, [8, 15]. Traub [3] developed the frst method with memory by a slight change in Stefensen’s scheme: = + ( ),  ̸ =0, +1 = ( ) [ , ] , ≥0, (1) Hindawi Mathematical Problems in Engineering Volume 2018, Article ID 8093673, 12 pages https://doi.org/10.1155/2018/8093673