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Only works with AC; does not work with DC.
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Everything is based on energy conservation (Power_1 = Power_2): a Transformer can increase the Voltage, decreasing the Current; or decrease the Voltage, increasing the Current.
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Transformers - EngineeringMindset .
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At 4:39 of the video, the difference between 120V and 240V is explained.
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The formula that associates Voltage and 'Number of Turns' is: V1/V2 = N1/N2.
Transformers