Right option is (b) 0.066
Explanation: Given equation can be written as 30(1 + 0.066 Sin(700πt)).
Comparing it with general AM equation, s(t) = Ac(1 + mAm cos(wmt)) cos(wct),
Where, Ac = Amplitude of Carrier Signal, Am = Amplitude of Message Signal
m=Modulation Index
So modulation index(m) = 0.066.