3 ms·
> 0,08% or 0,0008 Where are those numbers from? > For example, eight percent is equal to 800 basis points. Correct. 800 bp = 8% = 0.08 = 8e-2, as in your exa
by FabHK 5y ago
> 0,08% or 0,0008
Where are those numbers from?
> For example, eight percent is equal to 800 basis points.
Correct. 800 bp = 8% = 0.08 = 8e-2, as in your example there (different than the numbers in the linked article).
Also, 8 bp = 0.08% = 0.0008 = 8e-4, as in the numbers you gave at the top (different than the numbers in the linked article).
Also, 0.08 bp = 0.0008% = 0.000008 = 8e-6, as I’ve pointed out (and corresponding to the numbers in the linked article:
> ACH fraud is extremely low at 0.08 basis points, or 8 cents for every $10,000 in payments.
Note that 8 cents are $0.08.)
- deleted 5y ago[deleted]
- NicoJuicy 5y agoOmg. 0.08 basis points is indeed in the article. I checked it 2 times and always parsed it as 8bp... And not 0,08bp. I feel embarrassed now. Nice job :p
- FabHK 5y agoNo worries. Basis points are somewhat weird if one is not used to them, and the article is a bit cheeky in that it mixes cents and dollars, making it extra confusing.