We show how the idea behind a formula for π discovered by the Indian mathematician and astronomer Nilakantha (1445-1545) can be developed into a general series acceleration technique which, when applied to the Gregory-Leibniz series, gives the formula
with convergence as , in much the same way as the Euler transformation gives
with convergence as . Similar transformations lead to other accelerated series for π, including three “BBP-like” formulas, all of which are collected in the Appendix....