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Needing info on SQL Database managed instance

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Hi,

I want to explore SQL Database managed instance with my msdn subscription. I think every month i get $200 in my azure account but it is not sufficient to rent a SQL Database managed instance with minimal configuration for a month. 

My question is how SQL Database managed instance is billed ? If i launch managed instance, do I need to necessarily have to have full month rental or i can use it and pay according to the usage.

Appreciate your help. Thank you. 


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