Strictly speaking, I suppose it should be "Ten minutes haven't passed yet", but I'm fairly relaxed about using "hasn't" in everyday English. That quibble aside, it's a valid sentence -- but more information about the context is necessary to tell if it's "correct" in the situation you are intending to use it.
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KooyeenMaybe some examples would be useful. Barb, MrWordy, would you be able to think of a couple of examples where you might be more likely to use the singular or the plural?