Expressing time

Tesnobay

New Member
Joined
Jan 8, 2013
Messages
22
Hi,
What is the best way to express time traveled when you will the multiply by a monetary rate to get compensated?
For example, should 1 Hour and 30 minutes of travel be 1.5 or 1:30? Time will only be in 15 minute intervals: 1.25, 1.5, 1.75 etc
It will then me multiplied by reimbursement rate say $.50. Total amounts will then be summarized on a separate sheet.

I want to use 1.5 since it seems to make more sense, but it is nagging at me.

Thanks
 

Excel Facts

What did Pito Salas invent?
Pito Salas, working for Lotus, popularized what would become to be pivot tables. It was released as Lotus Improv in 1989.
Hello Tesnobay,

Convert the minutes to decimal. One minute = 1/60 of an hour or .01666667.

Travel time in minutes * .01666667 * rate
90 * .01666667 * .50 = .749997
 
Upvote 0

Forum statistics

Threads
1,215,062
Messages
6,122,923
Members
449,094
Latest member
teemeren

We've detected that you are using an adblocker.

We have a great community of people providing Excel help here, but the hosting costs are enormous. You can help keep this site running by allowing ads on MrExcel.com.
Allow Ads at MrExcel

Which adblocker are you using?

Disable AdBlock

Follow these easy steps to disable AdBlock

1)Click on the icon in the browser’s toolbar.
2)Click on the icon in the browser’s toolbar.
2)Click on the "Pause on this site" option.
Go back

Disable AdBlock Plus

Follow these easy steps to disable AdBlock Plus

1)Click on the icon in the browser’s toolbar.
2)Click on the toggle to disable it for "mrexcel.com".
Go back

Disable uBlock Origin

Follow these easy steps to disable uBlock Origin

1)Click on the icon in the browser’s toolbar.
2)Click on the "Power" button.
3)Click on the "Refresh" button.
Go back

Disable uBlock

Follow these easy steps to disable uBlock

1)Click on the icon in the browser’s toolbar.
2)Click on the "Power" button.
3)Click on the "Refresh" button.
Go back
Back
Top