Skip to main content

Explore the new, free version of Kutools for Outlook today!

 

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

Author: Xiaoyang Last Modified: 2024-08-15

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

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:

multiply hours and minutes by an hourly rate with formula

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:

format cells to normal numbers

Best Office Productivity Tools

🤖 Kutools AI Aide: Revolutionize data analysis based on: Intelligent Execution   |  Generate Code  |  Create Custom Formulas  |  Analyze Data and Generate Charts  |  Invoke Kutools Functions…
Popular Features: Find, Highlight or Identify Duplicates   |  Delete Blank Rows   |  Combine Columns or Cells without Losing Data   |   Round without Formula ...
Super Lookup: Multiple Criteria VLookup  |   Multiple Value VLookup  |   VLookup Across Multiple Sheets   |   Fuzzy Lookup ....
Advanced Drop-down List: Quickly Create Drop Down List   |  Dependent Drop Down List   |  Multi-select Drop Down List ....
Column Manager: Add a Specific Number of Columns  |  Move Columns  |  Toggle Visibility Status of Hidden Columns  |  Compare Ranges & Columns ...
Featured Features: Grid Focus   |  Design View   |   Big Formula Bar   |  Workbook & Sheet Manager   |  Resource Library (Auto Text)   |  Date Picker   |  Combine Worksheets   |  Encrypt/Decrypt Cells   |  Send Emails by List   |  Super Filter   |   Special Filter (filter bold/italic/strikethrough...) ...
Top 15 Toolsets:  12 Text Tools (Add Text, Remove Characters, ...)   |   50+ Chart Types (Gantt Chart, ...)   |   40+ Practical Formulas (Calculate age based on birthday, ...)   |   19 Insertion Tools (Insert QR Code, Insert Picture from Path, ...)   |   12 Conversion Tools (Numbers to Words, Currency Conversion, ...)   |   7 Merge & Split Tools (Advanced Combine Rows, Split Cells, ...)   |   ... and more

Supercharge Your Excel Skills with Kutools for Excel, and Experience Efficiency Like Never Before. Kutools for Excel Offers Over 300 Advanced Features to Boost Productivity and Save Time.  Click Here to Get The Feature You Need The Most...

Office Tab Brings Tabbed interface to Office, and Make Your Work Much Easier

  • Enable tabbed editing and reading in Word, Excel, PowerPoint, Publisher, Access, Visio and Project.
  • Open and create multiple documents in new tabs of the same window, rather than in new windows.
  • Increases your productivity by 50%, and reduces hundreds of mouse clicks for you every day!