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Let the characteristic equation of matrix $M$ be $\lambda ^{2} - \lambda - 1 = 0$. Then.

  1. $M^{-1}$ does not exist.
  2. $M^{-1}$ exists but cannot be determined from the data.
  3. $M^{-1} = M + I$
  4. $M^{-1} = M - I$
  5. $M^{-1}$ exists and can be determined from the data but the choices (c) and (d) are incorrect.
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We can solve using Cayley- Hamilton Theorem

$λ^2−λ−1=0$
$\implies M^2 - M -I = 0$
$\implies I= M^2 - M$

Now premultiplying by $M^{-1}$

$M^{-1}I=M^{-1} M^2 - M^{-1}M$  
$M^{-1} = M-I$

Correct Answer: $D$
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