Determine whether the following statement is true or false. If the statement is false, make the necessary change(s) to produce a true statement Interest on a credit card is calculated using I = Prt, where r is the monthly rate, t is one month, and P is the balance due. Choose the correct answer below O A. The statement is false. A true statement is "Interest on a credit card is calculated using I = Prt, where r is the annual percentage rate, t is one month, and P is average daily balance." O B. The statement is false. A true statement is "Interest on a credit card is calculated using I = Prt, where r is the annual percentage rate, t is one month, and P is balance due." O C. The statement is false. A true statement is "Interest on a credit card is calculated using I = Prt, where r is the monthly rate, t is one month, and P is average daily balance." O D. The statement is true