What the problem in this code can anyone tell please 😭

Question

# Asks the user to enter the savings
savings = input()

# Convert the user input into a float value and update the variable
savings = float()

# Savings grow after 1 year at a 5% annual interest rate
balance = savings * 1.05

# Convert the balance into a string and update the variable
balance = str()

# Concatenate the 2 strings to produce a message
message = "Amount in 1 year: " + balance

# Display the message
print(message)

Answer 1

Hints: (check your code again try to update your mistakes).

● Did you convert savings to float and included savings to your function?
● Did you convert the balance string properly?

Answer 2

Just script like this 😁
# Ask the user to enter the savings and convert it to a float
savings = float(input("Enter your savings: "))

# Calculate the savings after 1 year at a 5% annual interest rate
balance = savings * 1.05

# Convert the balance into a string
balance = str(balance)

# Concatenate the strings to produce a message
message = "Amount in 1 year: " + balance

# Display the message
print(message)