I want to determine if the above statement is true or false, and if it is false, give a counter-example. I know for a fact that it it true. But, I am not sure if this proof is entirely correct or not:
$Image(A^2) \subseteq Image(A)$, but $dim(Image(A^2))=dim(Image(A))$, so we must have that $Image(A^2)=Image(A)$, and thus, $A^2=A$. So, $A^3=A^2=A$, and hence, $Rank(A^3)=Rank(A)$.
I am not entirely sure if the reasoning $Image(A^2)=Image(A) \implies A^2=A$ is correct or not.
It would be greatly appreciated if anyone can help me with that!
You can also use Frobenius Rank Inequality as
$rank(A^3) \ge rank(A^2) + rank(A^2) - rank(A)$
$\implies rank(A^3) \ge rank(A)$
And also $rank(A^3) \le min\{rank(A^2),rank(A)\}$
$\implies rank(A^3) \le rank(A)$
And we get $rank(A^3)=rank(A)$.