Given below are two statements:
Statement I: A time varying electric field is a source of changing magnetic field and vice-versa. Thus a disturbance in electric or magnetic field creates EM waves.
Statement II: In a material medium, the EM wave travels with speed
\(V=\frac{1}{\sqrt{µ0ε0}}\) In the light of the above statements, choose the correct answer from the options given below.