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They gave me 5 new one rupee coins and asked me 2 arrange in such a way that each and every coin 2 touch other 4 coins

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If 1/4 of the time from midnight plus 1/2 of the time from now to midnight is the present time,then what is the present time ?
one day I was going somewhere.I found charity 1,charity 2,charity 3. for charity 1,I gave half of the money what I have plus Rs 1. than for charity 2 I gave half of the money that was remaining with me plus Rs 2. than for charity 3 I gave half of the money that was remaining with me plus Rs 3. finally I was left with Rs 1 only. what amount I had initially.