What is 8 basis points as a decimal?

8 Basis Points as a Decimal

Here we will show you how to convert 8 basis points to decimal. Before we continue, note that 8 basis points as a decimal can be shortened to 8 bps as a decimal or 8 bps in decimal.

A basis point is one percent of one percent, and one percent is one of one hundred. To convert 8 basis points to decimal, we will first convert 8 basis points to percent, and then convert the percent to decimal. Below are the step-by-step instructions to convert 8 basis points to decimal.

Step 1) Convert 8 basis points to percent.
Since one basis point is one percent of one percent, 8 basis points is 8 percent of one percent:

(8 × 1) / 100 = 0.08
8 basis point = 0.08 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:

0.08 / 100 = 0.0008
0.08 percent = 0.0008 decimal

That was the final step. Here is the answer to 8 basis points as a decimal per calculations above:

8 basis points = 0.0008 as a decimal

Basis Points to Decimal Calculator
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9 Basis Points as a Decimal
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