What is 12 basis points as a decimal?

12 Basis Points as a Decimal

Here we will show you how to convert 12 basis points to decimal. Before we continue, note that 12 basis points as a decimal can be shortened to 12 bps as a decimal or 12 bps in decimal.

A basis point is one percent of one percent, and one percent is one of one hundred. To convert 12 basis points to decimal, we will first convert 12 basis points to percent, and then convert the percent to decimal. Below are the step-by-step instructions to convert 12 basis points to decimal.

Step 1) Convert 12 basis points to percent.
Since one basis point is one percent of one percent, 12 basis points is 12 percent of one percent:

(12 × 1) / 100 = 0.12
12 basis point = 0.12 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:

0.12 / 100 = 0.0012
0.12 percent = 0.0012 decimal

That was the final step. Here is the answer to 12 basis points as a decimal per calculations above:

12 basis points = 0.0012 as a decimal

Basis Points to Decimal Calculator
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13 Basis Points as a Decimal
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