What is 120 basis points as a decimal?

120 Basis Points as a Decimal

Here we will show you how to convert 120 basis points to decimal. Before we continue, note that 120 basis points as a decimal can be shortened to 120 bps as a decimal or 120 bps in decimal.

A basis point is one percent of one percent, and one percent is one of one hundred. To convert 120 basis points to decimal, we will first convert 120 basis points to percent, and then convert the percent to decimal. Below are the step-by-step instructions to convert 120 basis points to decimal.

Step 1) Convert 120 basis points to percent.
Since one basis point is one percent of one percent, 120 basis points is 120 percent of one percent:

(120 × 1) / 100 = 1.2
120 basis point = 1.2 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:

1.2 / 100 = 0.012
1.2 percent = 0.012 decimal

That was the final step. Here is the answer to 120 basis points as a decimal per calculations above:

120 basis points = 0.012 as a decimal

Basis Points to Decimal Calculator
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121 Basis Points as a Decimal
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