Can anyone tell me which is the best algorithm to find the value of determinant of a matrix of size N x N?
Here is an extensive discussion.
There are a lot of algorithms.
A simple one is to take the LU decomposition. Then, since
det M = det LU = det L * det U
and both L and U are triangular, the determinant is a product of the diagonal elements of L and U. That is O(n^3). There exist more efficient algorithms.