$y=\dfrac{\sqrt{x}-1}{\sqrt{x}+1}$
$y’=\dfrac{(\sqrt{x}-1)’(\sqrt{x}+1)-(\sqrt{x}-1)(\sqrt{x}+1)’}{(\sqrt{x}+1)^2}$
$=\dfrac{\dfrac{1}{2\sqrt{x}}.(\sqrt{x}+1)-\dfrac{1}{2\sqrt{x}}.(\sqrt{x}-1)}{(\sqrt{x}+1)^2}$
$=\dfrac{\dfrac{1}{2\sqrt{x}}.[(\sqrt{x}+1)-(\sqrt{x}-1)]}{(\sqrt{x}+1)^2}$
$=\dfrac{1}{\sqrt{x}(\sqrt{x}+1)^2}$