Remember Me?

#1
October 30th 05, 02:33 AM
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
October 30th 05, 03:15 AM
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.

...
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
October 30th 05, 03:19 AM
 bpeltzer Posts: n/a
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?
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

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!

 Posting Rules Smilies are On [IMG] code is On HTML code is OffTrackbacks are On Pingbacks are On Refbacks are On

 Similar Threads Thread Thread Starter Forum Replies Last Post robs Excel Worksheet Functions 2 October 4th 05 04:22 PM deant Charts and Charting in Excel 0 September 21st 05 08:22 AM damezumari Excel Discussion (Misc queries) 2 June 20th 05 08:35 PM delve Excel Discussion (Misc queries) 0 May 4th 05 08:14 PM sax30 Excel Worksheet Functions 2 April 26th 05 08:08 PM

All times are GMT +1. The time now is 01:03 PM.