nth iteration of a function is a contraction

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Problem:

Let $C\subset X$ closed subset of the Banach space $X$. Suppose that for the function $K:C \to C$, its nth iteration $K^{n}:C\to C$ is a contraction. Show that $K$ has a unique fixed point.

For me this is exactly Weissinger's fixed point theorem, but apparently its not cause this was on a test and I got 0 on this one.

Thanks so much for the help, <3.