A Reserved Instance offers cost savings of up to 72% over On-Demand price. In addition, Reserved Instance three-year terms offer much greater savings over one-year terms.
https://aws.amazon.com/compare/the-difference-between-on-demand-instances-and-reserved-instances/#:~:text=A%20Reserved%20Instance%20offers%20cost,savings%20over%20one%2Dyear%20terms.
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