What is 117 basis points as a decimal?

117 Basis Points as a Decimal

Here we will show you how to convert 117 basis points to decimal. Before we continue, note that 117 basis points as a decimal can be shortened to 117 bps as a decimal or 117 bps in decimal.

A basis point is one percent of one percent, and one percent is one of one hundred. To convert 117 basis points to decimal, we will first convert 117 basis points to percent, and then convert the percent to decimal. Below are the step-by-step instructions to convert 117 basis points to decimal.

Step 1) Convert 117 basis points to percent.
Since one basis point is one percent of one percent, 117 basis points is 117 percent of one percent:

(117 × 1) / 100 = 1.17
117 basis point = 1.17 percent

Step 2) Convert percent to decimal.
Since one percent is one of one hundred, you divide the percent answer from Step 1 by 100 to get the percent to decimal:

1.17 / 100 = 0.0117
1.17 percent = 0.0117 decimal

That was the final step. Here is the answer to 117 basis points as a decimal per calculations above:

117 basis points = 0.0117 as a decimal

Basis Points to Decimal Calculator
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118 Basis Points as a Decimal
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