The document discusses two iterative methods for solving systems of linear equations: Jacobi and Gauss-Seidel. It provides an example of applying each method to solve a 3x3 matrix. Jacobi method calculates each variable based on the previous iteration while Gauss-Seidel uses the most recent value calculated. The example shows Gauss-Seidel converges to the solution in fewer iterations, making it more efficient than Jacobi method.