Consider the following statements regarding Newton Raphson method
1. Newton Raphson's method has quadratic convergence.
2. It can be used for solving algebraic and transcendental equations.
3. Newton Raphson's method converges more rapidly than other methods.
Which of the above statement(s) is /are correct?
1
1 and 3 only
2
1 and 2 only
3
2 and 3 only
4
1, 2 and 3