I have what seems to be an easy problem to solve in Python, but as I am new to python I am unaware on how to solve this.
All I am trying to solve is...
(x * e) mod k = 1   (where e and k are known values) 
Is there any simple way of doing this?
Searching for x is basically looking for inverse element of e mod k which can be done by  Extended Euclidean Algorithm which nicely implemented and used for modular inverse here:
# Iterative Algorithm (xgcd)
def iterative_egcd(a, b):
    x,y, u,v = 0,1, 1,0
    while a != 0:
        q,r = b//a,b%a; m,n = x-u*q,y-v*q # use x//y for floor "floor division"
        b,a, x,y, u,v = a,r, u,v, m,n
    return b, x, y
def modinv(a, m):
    g, x, y = iterative_egcd(a, m) 
    if g != 1:
        return None
    else:
        return x % m
Note: I don't own the code
And usage:
>>> e = 3
>>> k = 7
>>> x = modinv(e,k)
>>> x
5
>>> e*x % k
1
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