Pat's blog http://pballew.blogspot.com/2010/02/archimedes-and-calculus.html stresses the infinite series side of Archimedes question, without discussing Archimedes finite solution:
footnote: Fibonacci’s square root of 17 method was appropriately cited as used by Galileo though not properly analyzed in every detail. Fibonacci guessed (4 + 1/8)^2 = (17 + 1/64) , and Fibonacci reduced the estimated 1/64 error by finding an inverse proportion:1/64 x 8/66 = 1/528 which meant (4 + 1/8 - 1/528)^2 = (2177/528)^2 = 17.000003 is accurate to (1/528)^2 per Archimedes and not Newton.
III CONCLUSION
Unit fraction square root was formalized by 2050 BCE and used by Egyptians, Greeks, Arabs, medieval scribes and as late as Galileo. The method estimated irrational square roots of N by 1-step, 2-step, 3-step and 4-steps methods. Step 1 guessed quotients (Q) and remainders (R) = n/(2Q) with n = (N - Q^2). Step 2, 3, and 4 reduced error 1, 2 and 3 associated with the previous step by dividing by 2(Q + R).