Inverse of a Matrix
using Minors, Cofactors and Adjugate
(Note: also check out Matrix Inverse by Row Operations and the Matrix Calculator.)
We can calculate the Inverse of a Matrix by:
 Step 1: calculating the Matrix of Minors,
 Step 2: then turn that into the Matrix of Cofactors,
 Step 3: then the Adjugate, and
 Step 4: multiply that by 1/Determinant.
But it is best explained by working through an example!
Example: find the Inverse of A:
It needs 4 steps. It is all simple arithmetic but there is a lot of it, so try not to make a mistake!
Step 1: Matrix of Minors
The first step is to create a "Matrix of Minors". This step has the most calculations.
For each element of the matrix:
 ignore the values on the current row and column
 calculate the determinant of the remaining values
Put those determinants into a matrix (the "Matrix of Minors")
Determinant
For a 2×2 matrix (2 rows and 2 columns) the determinant is easy: adbc
Think of a cross:

(It gets harder for a 3×3 matrix, etc)
The Calculations
Here are the first two, and last two, calculations of the "Matrix of Minors" (notice how I ignore the values in the current row and columns, and calculate the determinant using the remaining values):
And here is the calculation for the whole matrix:
Step 2: Matrix of Cofactors
This is easy! Just apply a "checkerboard" of minuses to the "Matrix of Minors". In other words, we need to change the sign of alternate cells, like this:
Step 3: Adjugate (also called Adjoint)
Now "Transpose" all elements of the previous matrix... in other words swap their positions over the diagonal (the diagonal stays the same):
Step 4: Multiply by 1/Determinant
Now find the determinant of the original matrix. This isn't too hard, because we already calculated the determinants of the smaller parts when we did "Matrix of Minors".
So: multiply the top row elements by their matching "minor" determinants:
Determinant = 3×2  0×2 + 2×2 = 10
And now multiply the Adjugate by 1/Determinant:
And we are done!
Compare this answer with the one we got on Inverse of a Matrix using Elementary Row Operations. Is it the same? Which method do you prefer?
Larger Matrices
It is exactly the same steps for larger matrices (such as a 4×4, 5×5, etc), but wow! there is a lot of calculation involved.
For a 4×4 Matrix we have to calculate 16 3×3 determinants. So it is often easier to use computers (such as the Matrix Calculator.)
Conclusion
 For each element, calculate the determinant of the values not on the row or column, to make the Matrix of Minors
 Apply a checkerboard of minuses to make the Matrix of Cofactors
 Transpose to make the Adjugate
 Multiply by 1/Determinant to make the Inverse