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Hi There
If you purchased an EC2 Instance Savings Plan equivalent to an m1.medium ($0.110/hr), and you change your instance type to an m1.large, your existing savings plan will still cover 50% of your usage.
If you want to cover 100% of your m1.large usage, you can purchase another m1 savings plan at $0.110/hr.
Refer to Instance Family Savings Plan rates where you can see this calculation.
Here is an example for a 1-year partial upfront savings plan in Sydney