» Multiplying time values and numbers.

Problem:
Column C:C contains time values representing worked hours. Column D:D contains rates.
In order to calculate the payment, we would have to multiply each time value by its matching numerical rate.

Solution:
To calculate the payment, the time value must be multiplied by 24 as well as by the rate, as follows:
=A2*B2*24

Hours___Rate____Payment
22:00___$20_____440
14:00___$25_____350
27:00___$30_____810
Screenshot // Multiplying time values and numbers.