Solution:
The above statement is true.Rusting of iron is a chemical change. In general, a chemical property represents the ability of a material to go through a certain chemical change. Rusting of iron is a continuous process that slowly eats up iron objects and makes them useless. Iron reacts with air and moisture in this reaction, forming rust or iron oxide. Rusting is an oxidation reaction. The iron reacts with water and oxygen to form hydrated iron (III) oxide, which we see as rust. The colour of the surface of the iron also changes.
Reaction: iron + water + oxygen → hydrated iron(III) oxide.