Without going any further in solving this equation, it is possible to
get a sense of the effect of the modulation index from
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We may see that if is a constant (and it's derivative is zero),
the third term goes away and the instantaneous frequency becomes
Notice now that in the second term, the quantity
multiplies a sinusoidal variation of frequency
, indicating that
determines the maximum amount by which the instantaneous
frequency deviates from the carrier frequency
.
Since the modulating frequency is at audio rates, this
translates to addition of harmonic content.
Since is a function of time, the harmonic content, and
thus the timbre, of the synthesized sound may vary with time.