There are 100bps in 1 percentage point. So its 100bps in 1 percent and 100 percent in one whole unit. Bps are used in situations where v small changes are being made - i.e. particularly in interest rates. So when the FED says its changing interest rates by 25bps it means 0.25% or like a change from 3% to 3.25%.
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4%
The little ' m ' stands for 'mega' which is the same as 'million'.So 3.1 mbps = 3,100,000 bps.
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A decimal number is simply a way of representing a number in such a way that the place value of a one is ten times that of a one in the place to its right. If it does not contain a fractional part then the decimal representation does not require a decimal point. So the decimal for 50 bps is 50 bps – as in the question.
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