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Can someone help me out with this identity?

We are given two matrices $A$ and $B$. The matrix $A$ is $m\times n$ while $B$ is $n\times m$ matrix. We need to prove that

$\det(I+AB) = \det(I + BA)$ where $I$ is the corresponding identity matrix.

Please use elementary steps to solve as I don't have enough knowledge of matrices.

I checked out the Sylvester's determinant identity page in maths stack exchange. The proofs were out of my scope. Can it be done in an easier way?

egreg
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