Statements on Probability

Given below are two statements:

Statement I: Let A and B be two events such that $P(A) = 0.6$, $P(B) = 0.2$ and $P(AB) = 0.5$. Then $P(A^C B^C) = \frac{3}{10}$

Statement II: Let A and B be two events such that $P(A) = 0.2$, $P(B) = 0.4$ and $P(A \cup B) = 0.6$. Then $P(AB) = \frac{3}{10}$

In the light of the above statements choose the most appropriate answer from the options given below: