Given below are two statements:
Statement I: The largest decimal number that can be represented using a 7-bit binary number is 128.
Statement II: Minimum number of bits required to store largest 2-digit decimal number is 7.
In light of the above statements, choose the correct answer from the options given below:
1
Both Statement I and Statement II are true
2
Both Statement I and Statement II are false
3
Statement I is true but Statement II is false
4
Statement I is false but Statement II is true