20 Basis Points as a Decimal
Here we will show you how to convert 20 basis points to decimal. Before we continue, note that 20 basis points as a decimal can be shortened to 20 bps as a decimal or 20 bps in decimal.
A basis point is one percent of one percent, and one percent is one of one hundred. To convert 20 basis points to decimal, we will first convert 20 basis points to percent, and then convert the percent to decimal. Below are the step-by-step instructions to convert 20 basis points to decimal.
Step 1) Convert 20 basis points to percent.
Since one basis point is one percent of one percent, 20 basis points is 20 percent of one percent:
(20 × 1) / 100 = 0.2
20 basis point = 0.2 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:
0.2 / 100 = 0.002
0.2 percent = 0.002 decimal
That was the final step. Here is the answer to 20 basis points as a decimal per calculations above:
20 basis points = 0.002 as a decimal
Basis Points to Decimal Calculator
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21 Basis Points as a Decimal
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