Bittu and Chintu were partners in a firm sharing profit and losses in the ratio of 4 : 3. Their Balance Sheet as at 31st March, 2024 was as follows:
On 1st April, 2024, Diya was admitted in the firm for \( \frac{1}{7} \)th share in the profits on the following terms:
Prepare Revaluation Account and Partners' Capital Accounts.
The Second-Order Derivative is the derivative of the first-order derivative of the stated (given) function. For instance, acceleration is the second-order derivative of the distance covered with regard to time and tells us the rate of change of velocity.
As well as the first-order derivative tells us about the slope of the tangent line to the graph of the given function, the second-order derivative explains the shape of the graph and its concavity.
The second-order derivative is shown using \(f’’(x)\text{ or }\frac{d^2y}{dx^2}\).