What is 948 basis points as a decimal?

948 Basis Points as a Decimal

Here we will show you how to convert 948 basis points to decimal. Before we continue, note that 948 basis points as a decimal can be shortened to 948 bps as a decimal or 948 bps in decimal.

A basis point is one percent of one percent, and one percent is one of one hundred. To convert 948 basis points to decimal, we will first convert 948 basis points to percent, and then convert the percent to decimal. Below are the step-by-step instructions to convert 948 basis points to decimal.

Step 1) Convert 948 basis points to percent.
Since one basis point is one percent of one percent, 948 basis points is 948 percent of one percent:

(948 × 1) / 100 = 9.48
948 basis point = 9.48 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:

9.48 / 100 = 0.0948
9.48 percent = 0.0948 decimal

That was the final step. Here is the answer to 948 basis points as a decimal per calculations above:

948 basis points = 0.0948 as a decimal

Basis Points to Decimal Calculator
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949 Basis Points as a Decimal
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