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#1
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using hours to multiply rate
hello community
can community guide me on this: Example that the difference of time is 10:00AM to 1:00PM = 3:00 hr I used the format [h]:mm to sum the total hours and I wanted to have the total hours multiply by say, $15.00 (which is the hourly rate) but my output result is 1.875 instead of $45.00 the working is (3:00 * 15) am I correct to use this formula ?? can community assist me on this ? thanks for the help :) -- oldLearner57 |
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#2
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using hours to multiply rate
Excel interprets 3:00 as 3/24 of a day; therefore you are multiplying
$15*(3/24). So, do 3:00*24*15 to cancel out the 24. Dave -- Brevity is the soul of wit. "tikchye_oldLearner57" wrote: hello community can community guide me on this: Example that the difference of time is 10:00AM to 1:00PM = 3:00 hr I used the format [h]:mm to sum the total hours and I wanted to have the total hours multiply by say, $15.00 (which is the hourly rate) but my output result is 1.875 instead of $45.00 the working is (3:00 * 15) am I correct to use this formula ?? can community assist me on this ? thanks for the help :) -- oldLearner57 |
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#3
Posted to microsoft.public.excel.misc
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using hours to multiply rate
thanks Dave F, very good explanation, much appreciated :)
-- oldLearner57 "Dave F" wrote: Excel interprets 3:00 as 3/24 of a day; therefore you are multiplying $15*(3/24). So, do 3:00*24*15 to cancel out the 24. Dave -- Brevity is the soul of wit. "tikchye_oldLearner57" wrote: hello community can community guide me on this: Example that the difference of time is 10:00AM to 1:00PM = 3:00 hr I used the format [h]:mm to sum the total hours and I wanted to have the total hours multiply by say, $15.00 (which is the hourly rate) but my output result is 1.875 instead of $45.00 the working is (3:00 * 15) am I correct to use this formula ?? can community assist me on this ? thanks for the help :) -- oldLearner57 |
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