How can I convert mill rate to percentage when trading cryptocurrencies?
Joel FavourJan 13, 2022 · 3 years ago3 answers
I'm new to trading cryptocurrencies and I've come across the term 'mill rate'. Can someone please explain how to convert mill rate to percentage when trading cryptocurrencies?
3 answers
- Jan 13, 2022 · 3 years agoSure, converting mill rate to percentage when trading cryptocurrencies is actually quite simple. Mill rate is a term used to represent a thousandth of a percent. To convert mill rate to percentage, you just need to divide the mill rate by 10. For example, if the mill rate is 500, you divide it by 10 to get 50%. So, in this case, the mill rate of 500 is equivalent to 50%.
- Jan 13, 2022 · 3 years agoConverting mill rate to percentage in cryptocurrency trading is a breeze. All you have to do is divide the mill rate by 10. Let's say the mill rate is 750, you divide it by 10 and you get 75%. So, a mill rate of 750 is equivalent to 75%. Easy peasy!
- Jan 13, 2022 · 3 years agoWhen it comes to converting mill rate to percentage in cryptocurrency trading, it's as simple as dividing the mill rate by 10. Let's take an example. If the mill rate is 800, you divide it by 10 and you get 80%. So, a mill rate of 800 is equivalent to 80%. Remember, always divide the mill rate by 10 to get the percentage value.
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