Step 1: Understanding the Concept
Differentiate $y$ with respect to $x$.
Step 2: Evaluation
$y' = cos(m~sin^{-1}x) \cdot \frac{m}{\sqrt{1-x^2}}$. Rearranging: $\sqrt{1-x^2} y' = m~cos(m~sin^{-1}x)$.
Step 3: Final Calculation
Squaring both sides: $(1-x^2)(y')^2 = m^2 cos^2(m~sin^{-1}x) = m^2(1 - y^2)$. Now, differentiate again.
Step 4: Conclusion
$(1-x^2)2y'y'' + (y')^2(-2x) = -2m^2yy'$. Dividing by $2y'$: $(1-x^2)y'' - xy' = -m^2y$.
Hence, the Answer is: (c)