If your charge-out rate is £ per hour, you will need to multiply by 24
to get the correct amount, as time is stored internally as a fraction
of a 24-hour day. So, your formula in C2 would be:

=A2 * B2 * 24

formatted as currency, assuming these are the only columns in your
worksheet.

Hope this helps.

Pete

Andrew Eagles wrote:
I need to multiply the time recorded (in hours:minutes) by the charging rate
(in currency) to get the total amount billed as follows:

Time Billed Charge Out Rate Amount Billed

01:00 £285
02:30 £285

Please can someone tell me what formula to use, how to do this?

Thanks. Andy