15 Basis Points as a Decimal
Here we will show you how to convert 15 basis points to decimal. Before we continue, note that 15 basis points as a decimal can be shortened to 15 bps as a decimal or 15 bps in decimal.
A basis point is one percent of one percent, and one percent is one of one hundred. To convert 15 basis points to decimal, we will first convert 15 basis points to percent, and then convert the percent to decimal. Below are the step-by-step instructions to convert 15 basis points to decimal.
Step 1) Convert 15 basis points to percent.
Since one basis point is one percent of one percent, 15 basis points is 15 percent of one percent:
(15 × 1) / 100 = 0.15
15 basis point = 0.15 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:
0.15 / 100 = 0.0015
0.15 percent = 0.0015 decimal
That was the final step. Here is the answer to 15 basis points as a decimal per calculations above:
15 basis points = 0.0015 as a decimal
Basis Points to Decimal Calculator
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16 Basis Points as a Decimal
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