Now I'm getting two answers to this question i.e. $k = -1$ and $k = 1$
Reason i'm getting $k = 1$ :
$$A(A^{-1}) = I$$
Taking determinant on both sides we get
$$\det[A(A^{-1})] = \det(I)$$
$$\det(A)(\det(A^{-1})) = 1$$
Dividing both sides with $\det(A)$ we get
$$\det(A^{-1}) = \det(A)^{-1}$$
Hence, $k = -1$
Reason I'm getting $k = 1$ :
$$A^{-1} = \frac1{\det(A)}Adj(A)$$
Applying determinant on both sides we get
$$\det(A^{-1}) = \det{[\frac1{\det(A)}]Adj(A)}$$
$$\det(A^{-1}) = \frac1{\det(A)}\det[Adj(A)]$$
because $\det[Adj(A)] = \det(A)^{n-1}$
i.e. $\det[Adj(A)] = \det(A)^{3-1}$
Or, $$\det[Adj(A)] = \det(A)^2$$
Thus, $$\det(A^{-1}) = \frac1{\det(A)}[\det(A)^2]$$
Or, $$\det(A^{-1}) = \det(A)^1$$
Hence $k = 1$
Now my Question is which one is the right answer And why am I getting two answers, have i neglected a condition or what Any kind of help will be much appreciated.
P.S. $k = -1$ is the answer given in all books I've come across.
First the mistake:
$$\det(A^{-1}) = \frac{1}{\det(A)^\color{red}{3}}{\det[Adj(A)]}$$
because $\det[Adj(A)] = \det(A)^{n-1}$
i.e. $$\det[Adj(A)] = \det(A)^{3-1}$$
Or, $$\det[Adj(A)] = \det(A)^2$$
Thus, $$\det(A^{-1}) = \frac1{\det(A)^3}[\det(A)^2]=\frac{1}{\det(A)}$$
which is a known result.
Next, this is how I would approach the problem:
$$\det(A^{-1})= \det(A)^k$$
Hence we have $$1=\det(A)^{k+1}$$
If we want the equality to hold as long as $\det(A) \neq 0$, we require $k+1=0$.
Notice that I did not use the propery of the size of $A$.