Given below are two statements

Statement I: The length and breadth of a rectangle are increased by 10% and 20% respectively, then its area increases by 23%.

Statement II: In 12 hours, the hour hand and the minute hand coincide 11 times.

In light of the above statements, choose the correct answer from the options given below 

1
Both Statement I and Statement II are false
2
Both Statement I and Statement II are true
3
Statement I is false but Statement II is true
4
Statement I is true but Statement II is false

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