Question $15(1$ point$)$

What does the term "compounding" mean?

Select one:

a$)$ "Compounding" refers to the process of adding the interest earned to the maturity each compounding period.

b$)$ "Compounding" refers to the process of adding the interest earned to the principal each compounding period.

c$)$ "Compounding" refers to the process of adding the interest earned to the principal each year.

d$)$ "Compounding" refers to the process of subtracting the interest earned from the principal each compounding period.