  We show that iterative scheme due to Karahan and \"Ozdemir (2013) can be used
to approximate fixed point of contraction mappings. Furthermore, we prove that
CR iterative scheme converges faster than the iterative scheme due to Karahan
and \"Ozdemir (2013) for the class contraction mappings. Finally, we prove a
data dependence result for contraction mappings by employing iterative scheme
due to Karahan and \"Ozdemir (2013).
