The novelty of this article lies in the fact that we extend the use of a multistep method for developing a sequence whose limit solves a Banach space-valued equation. We suggest the error estimates, local convergence, and semi-local convergence, a radius of convergence, the uniqueness of the required solution that can be computed under ω-continuity, and conditions on the first derivative, which is on the method. But, earlier studies used high-order derivatives, even though those derivatives do not appear in the body structure of the proposed method. In addition to this, they did not propose computable estimates and semi-local convergence. We checked the applicability of our study to three real-life problems for semi-local convergence and two problems chosen for local convergence. Based on the obtained results, we conclude that our approach improves its applicability and makes it suitable for challenges in applied science.