What is 118 basis points as a decimal?

118 Basis Points as a Decimal

Here we will show you how to convert 118 basis points to decimal. Before we continue, note that 118 basis points as a decimal can be shortened to 118 bps as a decimal or 118 bps in decimal.

A basis point is one percent of one percent, and one percent is one of one hundred. To convert 118 basis points to decimal, we will first convert 118 basis points to percent, and then convert the percent to decimal. Below are the step-by-step instructions to convert 118 basis points to decimal.

Step 1) Convert 118 basis points to percent.
Since one basis point is one percent of one percent, 118 basis points is 118 percent of one percent:

(118 × 1) / 100 = 1.18
118 basis point = 1.18 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:

1.18 / 100 = 0.0118
1.18 percent = 0.0118 decimal

That was the final step. Here is the answer to 118 basis points as a decimal per calculations above:

118 basis points = 0.0118 as a decimal

Basis Points to Decimal Calculator
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119 Basis Points as a Decimal
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