The Newton-Raphson method estimates roots of equations by: 1) Rearranging the equation into the form f(x) = 0 and choosing an initial x-value 2) Substituting into the formula xn+1 = xn - f(xn)/f'(xn) 3) Differentiating to find f'(x) and iterating the formula using a calculator until convergence The method may fail if the starting value is near a stationary point where f'(x) = 0, causing division by zero in the formula.