How to multiply hours and minutes by an hourly rate in Excel?

Supposing, you have a list of time cells that indicate the worked hours and minutes in Column A, and Column B contains the hourly rate, now, you want to calculate the payment based on hours and rate as following screenshot shown. This article, I will talk about how to calculate the payment with worked hour and rate in Excel.

Multiply hours and minutes by an hourly rate with formula in Excel

Multiply hours and minutes by an hourly rate with formula in Excel

The following simple formula may help you to calculate the payment based on the hour and rate, please do as this:

1. Enter this formula: =A2*B2*24 into a blank cell to output the result, and then drag the fill handle down to the cells that you want to fill this formula, see screenshot:

2. Then you should change the formatting of the formula cells to general formatting, click General from the General drop down list under the Home tab, now, you will get the correct results as you need, see screenshot:

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    Megan Smith · 16 days ago
    Thank you so much! Very helpful!

  • To post as a guest, your comment is unpublished.
    Christine · 3 months ago
    What is the *24 in the formula of A!*B1*24?
    • To post as a guest, your comment is unpublished.
      Nela · 1 months ago
      24 is the hours