Question fractions of an hour formulas on Time Sheets

I am trying to build a time sheet. Sometimes the time entered needs to be less than one hour. But when it then multiplies by the hourly rate, I get a problem.
The formula calculates the "hours" by subtracting the start time from the end time in the fields where I enter them. If those total less than one hour, it either changes the duration to "minutes" or if I force it to hold the duration at hours, it always rounds up to one hour. As an example, a reported task that runs from 11:30 a.m. to 12 p.m. is entered, it usually posts a result of 30 minutes. But when it then goes to multiply the hourly rate, it multiplies by 30 (hours) rather than by 30 (minutes) or .5 (hours). How can I get it to post .5 hours so the math is right on the extended total?

Assume cell a1 is formatted as date and time with only time shown. Enter data in form of h:m in that cell. Convert to fraction of hour that can be multiplied by hourly rate with formula as follows: =timevalue(a1)*24. Add in hourly rate as follows: =timevalue(a1)24[rate value].

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