If you just want to get started with working with EC2 and learning, Amazon provides EC2 in a free tier. It offers a t2.micro instance type to run for up to 750 hours per month. You can use the Amazon free tier for 12 months from the date of opening a new account. These 750 hours can be utilized either by one instance for 30 days around the clock, or by running 10 instances for 15 hours as you require.
When using instance types other than the free tier, charges apply on a per-hour basis and vary based on instance type, region, and payment option. A small instance type, with a smaller number of vCPUs and less memory, costs less compared to an instance type with more vCPUs and memory.
Amazon charges EC2 instances on a per-hour basis, and actual EC2 pricing depends on instance type, size, and payment model. There are four ways to pay for Amazon EC2 instances, as follows...