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#1
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how to multiply time by money
Cell b2 is subtracting from b1 to give me a calculation on the amount of time
for that day in b3. But when I try to get cell b4 (which is a dollar amount) to multiply by b3 (time amount) the answer is wrong. Example, 1:00 (hour) * $10.00. Exel keeps telling me the answer is $0.42, insted of $10.00. Help! |
#2
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how to multiply time by money
Excel gives you right answer. This is because one hour is displayed as 1:00
but real value of this cell is 0,0416666666666667,try to format number like general in this cell to see this. Excel represent time like portions of day (12 hours is 0,5 of day and so on...). In you example excel think that you want to multiply 1 hour X10, and give result of 0,42, which is corect fraction of day (10 hours = 0,42 days). To get result you want, multiplay amount of time with 24. "chriscadstud" wrote in message ... Cell b2 is subtracting from b1 to give me a calculation on the amount of time for that day in b3. But when I try to get cell b4 (which is a dollar amount) to multiply by b3 (time amount) the answer is wrong. Example, 1:00 (hour) * $10.00. Exel keeps telling me the answer is $0.42, insted of $10.00. Help! |
#3
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how to multiply time by money
There's no inherent meaning in the product of time and currency. Is $10
times 1 hour equal to 10? Or 1 minute? 1 day? If, for your purposes, the answer is hours, then you just need to adjust for the means by which Excel stores time. To Excel, a day is equal to a value of 1. Thus, an hour is equal to 1/24, a week equals 7, etc. (To see this, just change the formate from date/time to the comma style). So if you want hour-dollars, just multiply the date/time value times 24 and then multiply that by the currency amount: =b3*24*b4. --Bruce "chriscadstud" wrote: Cell b2 is subtracting from b1 to give me a calculation on the amount of time for that day in b3. But when I try to get cell b4 (which is a dollar amount) to multiply by b3 (time amount) the answer is wrong. Example, 1:00 (hour) * $10.00. Exel keeps telling me the answer is $0.42, insted of $10.00. Help! |
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