The square root of a number x can be computed approximately to any precision as follows. I suspect that that's close to the way it's done in a calculator:
Start with a guess a (a number near

). Then compute
)
,
)
,
)
and so on. After a few steps, you will be near

. Note that you only have to be able to add and divide.
There is a bit of theory that allows you to tell when to stop. It can be easly implemented in hardware. This is a special instance of the Newton-Raphson algorithm
Example: To find

, start with a = 5. Then b = 4.80000, c = 4.79583333333333, d = 4.79583152331306, e = 4.79583152331272 which is correct to all 15 digits. Works for any x and can be done also for all other roots.