The meaning of the linear-algebra aspect of this exercise is probably over my head, but my first question to you would be: "Do you understand the underlying concept of proofs by induction?"
(1) You show that it's true when n = 1
(2) You assume that it's true for any n = k (the induction hypothesis)
(3) You now use the induction hypothesis to show that it's also true for k + 1 (when it's true for k)
This proves that it's true for any n because you've shown that it's true for 1 and also for 1 + 1, so it's true for n = 2, as well as n = 1.
But k could be 2. So, you've shown that it's true for 2 + 1. Therefore, it's true for n = 3.
But k could be 3. So, you've shown that it's true for n = 4.
I could go on to make similar statements for all natural numbers n, but I don't have to.
That's induction.