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Default formula help

I am trying to modify a formula and I am looking for some assistance. I
am working on a time sheet where I need to create an if then formula
to deduct 30 minutes if the total hours equal 5 hours or more. The
current formula looks as follows: =V11-0.0205. This references a
subtotal column (V11 and subtracts 30 minutes).

Scott

 
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