An amplitude modulated signal is given by,
s(t)=[10+5cos(3000t)+4cos(2500t)]cos(2πfct)
The modulation efficiency of this AM signal is equal to
%η=PSBPtotal×100=μ22+μ2×100
Where, μ=modulation index
For a multi-tone modulation,
μ=√μ21+μ22
For the given AM signal
μ1=0.5 and μ2=0.4
so μ2=μ21+μ22=(0.5)2+(0.4)2=0.41
%η=0.412+0.41×100=17%