Let A and B be two n×n matrices over real numbers. Let rank(M) and det(M) denote the rank and determinant of a matrix M, respectively. Consider the following statements.

I. rank(AB) = rank(A)*rank (B)
II. det(AB) = det(A)*det(B)
III. rank(A+B) ≤ rank(A) + rank(B)
IV. det(A+B) ≤ det(A) + det(B)

Which of the above statements are TRUE ?