When trying to find the eigenvalues and eigen vectors of $A$ ($2\times 2$), I get only 1 eigenvalue, perhaps with a multiplicity of 2?
Let $A=\begin{pmatrix} 5 & 1 \\ -4 & 1\end{pmatrix}$
I begin by taking the $\det(A- \lambda I)$
Thus $\det(A-\lambda I)=\begin{vmatrix} 5-\lambda & 1 \\ -4 & 1-\lambda\end{vmatrix}$, factoring out I get $(\lambda-3)^2$ with $\lambda=3$ as my only eigenvalue.
Where did I go wrong and where do I go from here? How can the multiplicity of my eigen value help me here?
You can find one eigenvector associated to $\lambda =3$ for example
$v=\binom 1{-2}$
and that is it.
There is only one eigenvector and it is OK.
They say the algebraic multiplicity of $\lambda =3$ is $2$ but the the geometric multiplicity is $1$