Question 1 of 30
A company is evaluating its cloud expenditure on AWS services and is considering switching from an On-Demand pricing model to a Reserved Instances (RIs) pricing model for its EC2 instances. The company currently runs 10 m5.large instances, each costing $0.096 per hour under the On-Demand model. If the company opts for a 1-year Reserved Instance, which offers a significant discount of 30% compared to the On-Demand pricing, what will be the total cost savings over the year if the company runs these instances continuously?
$6,048
$4,320
$3,456
$5,760

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