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The billing Period ends in the hour when the instance transitions into the stopping state.
- enter stopping state at 55min you pay 1h
- enter stopping state at 65min you pay 2h
https://aws.amazon.com/ec2/faqs/
Instance-hours are billed for any time your instances are in a "running" state. If you no longer wish to be charged for your instance, you must "stop" or "terminate" the instance to avoid being billed for additional instance-hours. Billing starts when an instance transitions into the running state.
http://docs.aws.amazon.com/AWSEC2/latest/UserGuide/ec2-instance-lifecycle.html
You stop incurring charges for an instance as soon as its state changes to stopping. Each time an instance transitions from stopped to pending, we start a new instance billing hour.
You stop incurring charges for an instance as soon as its state changes to shutting-down.
I'd like to note, since we launched per-second billing for EC2: https://aws.amazon.com/blogs/aws/new-per-second-billing-for-ec2-instances-and-ebs-volumes/ in the second example you are charged only for 1h 5min (instead of 2h) for instances to which per-second billing applies.
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