What is 470 Basis Points as a Percentage?

470 basis points equals 4.7%

Percentage Based on Basis Points
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Convert 470 Basis Points to a Percentage
A basis point is often used with loans and other financial topics. 1 basis point is equal to 1 hundredth of a percent. 1% is equal to 100 basis points.

To convert 470 basis points to a percentage, use the following formula: 470 / 100 = 4.7%.
Real World Example
Let's say that interest rates are currently 4.7%. However, they are set to increase by 25 basis points. The new interest rate will be 4.95%.