What is 3 basis points as a decimal?

3 Basis Points as a Decimal

Here we will show you how to convert 3 basis points to decimal. Before we continue, note that 3 basis points as a decimal can be shortened to 3 bps as a decimal or 3 bps in decimal.

A basis point is one percent of one percent, and one percent is one of one hundred. To convert 3 basis points to decimal, we will first convert 3 basis points to percent, and then convert the percent to decimal. Below are the step-by-step instructions to convert 3 basis points to decimal.

Step 1) Convert 3 basis points to percent.
Since one basis point is one percent of one percent, 3 basis points is 3 percent of one percent:

(3 × 1) / 100 = 0.03
3 basis point = 0.03 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:

0.03 / 100 = 0.0003
0.03 percent = 0.0003 decimal

That was the final step. Here is the answer to 3 basis points as a decimal per calculations above:

3 basis points = 0.0003 as a decimal

Basis Points to Decimal Calculator
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