Answer
True
Work Step by Step
If $A$ is an invertible $n \times n$ matrices, such that
$A^2=A\\
\rightarrow A^2-A=0\\
\rightarrow A(A-I)=0$
Multiplying both sides by $A^{-1}$
$\rightarrow A^{-1}A(A-I)=A^{-1}0\\
\rightarrow A-I=0\\
\rightarrow A=I$
Hence, $A$ is the identify matrix.
Hence, the statement is true