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Hello chiragparma12,
Good day!
Regarding your question.
A reserved instance is a billing discount you can apply to virtual machine usage. When you purchase a reserved instance, you’re essentially pre-paying for the VM compute capacity for a specific period (1 or 3 years). By pre-paying for the VM compute capacity, you can benefit from the discounted rates for the duration of the reservation term (1 or 3 years). Lastly, Reserved instances are suitable for workloads with steady-state usage patterns, such as mission-critical applications that require consistent computing resources.
Therefore, the answer for this item is YES.
I hope this helps.
Regards,
Neil @ Tutorials Dojo