Time * Rate = Amount Billed Formula?

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

Andy,

Convert the time to decimal format and then multiply by the rate.


=(A1*24)*B1 = Amount Billed

HTH

Steve