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Default How can I calculate hours into pay...in this format hh:mm:ss

If the total hours worked is 7 hours and 30 minutes and is displayed as
07:30:00
how do can I then calculate this for pay.

I am using example as £10 perhour. I thought you would use =A1*10 and this
would multiply the hours worked by the amount earned per hour. However, it
does not work with the time in this format.
How do I convert the hh:mm:ss to show something like 7:5 or 7.30, which
would then allow me to multply ??

Many Thanks
 
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