What is the benefit of having a basis point calculator?

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What is the benefit of having a basis point calculator?, What is a basis point is 0.01% and is very often used in finance.
 
A basis point calculator serves as an excellent tool that can be used in understanding percentage points in the changes in interest rates, yields, and investments. What is a basis point is 0.01%.Basis points are also quite commonly used in finance. Basis points can serve as indicators of how the market is moving for investors. The world of finance and institutions have become accustomed to the common definition of bps. If you are making comparisons of loans, bonds, or investment vehicles, you may use a bps calculator to your advantage.
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