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Default Changing decimal time into 24 hour time and reverse

Is it possible to change decimal time into 24hour time? For example, 1.75
hours in decimal in CELL A1 into 1:45 in 24 hour time in CELL B1.
Also - how would I reverse it? For example 2:30 24 hour time into 2.5
decimal time.
Also note that the decimal time would need to increment above 24:00 as the
totals will be above this value
Best Regards and thanks for looking.
Bobzter
 
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