Modulation index of a modulated signal is
$\mu=\frac{E_{m}}{E_{c}}$
Where, $E_{m}$ and $E_{c}$ are peak values of modulating signal and carrier signal.
For $100 \%$ modulation, modulation index should be unity.
Hence, $ \mu=1=\frac{E_{m}}{E_{c}}$
$\Rightarrow \,E_{m}=E_{c}$