How can you optimize EC2 instance costs using Reserved Instances and Spot Instances?

Question

Prajna G · Accepted Answer

You can optimize EC2 instance costs by using **Reserved Instances** for predictable, long-term workloads at a discounted rate in exchange for a commitment (1 or 3 years) and **Spot Instances** for flexible, fault-tolerant workloads, as they offer up to 90% savings by utilizing unused EC2 capacity.

Nikitha Acharya · Answer

You can optimize EC2 instance costs by using Reserved Instances for predictable workloads to benefit from lower long-term pricing, and Spot Instances for flexible, interruptible workloads to take advantage of significant cost savings.

How can you optimize EC2 instance costs using Reserved Instances and Spot Instances?

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