AWS - EC2 Fundamentals
If you reserve an instance for 1 year with an upfront payment of $100 and hourly rate of $0.05, what is the total cost for 1 year assuming 24/7 usage?
If you reserve an instance for 1 year with an upfront payment of $100 and hourly rate of $0.05, what is the total cost for 1 year assuming 24/7 usage?
medium📝 Predict Output Q5 of 15
Step-by-Step Solution
Solution:
Step 1: Calculate hourly cost for 1 year
24 hours x 365 days = 8760 hours; 8760 x $0.05 = $438.Step 2: Add upfront payment
$438 + $100 = $538 (closest to $530).Final Answer:
$530 -> Option DQuick Check:
Total cost = upfront + (hours x hourly rate) [OK]
Quick Trick: Add upfront plus hourly x hours used [OK]
Common Mistakes:
- Ignoring upfront payment
- Calculating days incorrectly
- Using monthly instead of yearly hours
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