For Emax the maximum value of the envelope, and Emin the minimum value of the envelope, the modulation index is  
μ=Emax+EminEmax−Emin 
applying componendo and dividendo
μ−1μ+1=EminEmax  
EminEmax=1.11
The frequency present in the modulated output is f=fcarrier+2⋅faudio=100+2⋅20=140kHz.  
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