Step 1: Find the value of (m−1m)
Given the value of expression(m2+1m2)=51 ⋯(1)
Let's assume(m−1m)=p.
Now, find the square on both the side by using the formula(a−b)2=a2+b2−2ab
⇒(m−1m)2=p2
⇒m2+1m2−2(m)(1m)=p2
⇒51−2=p2
⇒p2=49
∴p=(m−1m)=±7 ...(2)
Step 2: Find the Value of (m3−1m3)
Now, find the cube of equation (2) by using the formula
(a−b)3=a3−b3−3ab(a−b)
⇒(m−1m)3=(m)3−(1m)3−3(m)(1m)(m−1m)
⇒(±7)3=m3−1m3−3(±7)
∴m3−1m3=±(343+21)=±364
Hence, the value of (m3−1m3) is ±364.