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Showing content from http://docs.aws.amazon.com/AmazonRDS/latest/UserGuide/User_DBInstanceBilling.html below:

DB instance billing for Amazon RDS

DB instance billing for Amazon RDS

Amazon RDS instances are billed based on the following components:

Amazon RDS provides the following purchasing options to enable you to optimize your costs based on your needs:

For Amazon RDS pricing information, see the Amazon RDS pricing page.

Engine-native features

On-Demand DB instances

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