Excel formulas are expressions used to perform computation.
The Excel formula to enter in cell E5 is = D5 * $J$2
From the question, we have:
The product of the actual hours and the billing rate is represented as follows:
D5 * J2
Cell J2 is to be referenced using absolute reference;
So, we rewrite the above formula as follows: D5 * $J$2
Excel formulas begin with the equal sign
So, we rewrite the above formula as follows: = D5 * $J$2
This means that, the formula to enter in cell E5 is: = D5 * $J$2
Read more about Excel formulas at:
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