What is 7 basis points as a decimal?

7 Basis Points as a Decimal

Here we will show you how to convert 7 basis points to decimal. Before we continue, note that 7 basis points as a decimal can be shortened to 7 bps as a decimal or 7 bps in decimal.

A basis point is one percent of one percent, and one percent is one of one hundred. To convert 7 basis points to decimal, we will first convert 7 basis points to percent, and then convert the percent to decimal. Below are the step-by-step instructions to convert 7 basis points to decimal.

Step 1) Convert 7 basis points to percent.
Since one basis point is one percent of one percent, 7 basis points is 7 percent of one percent:

(7 × 1) / 100 = 0.07
7 basis point = 0.07 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:

0.07 / 100 = 0.0007
0.07 percent = 0.0007 decimal

That was the final step. Here is the answer to 7 basis points as a decimal per calculations above:

7 basis points = 0.0007 as a decimal

Basis Points to Decimal Calculator
Convert another basis point value to decimal here.

8 Basis Points as a Decimal
Here is another basis point value that we have converted to decimal for you.