Step 1: Find the trace and determinant of \( A \).
For \( A = \begin{bmatrix} 1 & 4 \\ 2 & -1 \end{bmatrix} \), the trace is \( \text{Tr}(A) = 1 + (-1) = 0 \) and the determinant is \( \det(A) = (1)(-1) - (4)(2) = -1 - 8 = -9 \).
Step 2: Write the characteristic equation.
For a \( 2 \times 2 \) matrix, the characteristic equation is \( \lambda^2 - \text{Tr}(A)\lambda + \det(A) = 0 \). Plugging in our values:
\[
\lambda^2 - 0\cdot\lambda + (-9) = 0 \quad \Rightarrow \quad \lambda^2 = 9 \quad \Rightarrow \quad \lambda = \pm 3
\]
This already settles Statement-II: the eigenvalues are \( 3 \) and \( -3 \), so it is true.
Step 3: Use Cayley-Hamilton to get \( A^2 \) without multiplying matrices.
By the Cayley-Hamilton theorem, \( A \) itself satisfies its own characteristic equation:
\[
A^2 - 0\cdot A - 9I = 0 \quad \Rightarrow \quad A^2 = 9I
\]
This confirms Statement-I is also true, using the same trace and determinant equation instead of multiplying the matrix out by hand.
Since both statements check out from the same characteristic equation, the answer is option (A).