Python format() function uses.

# default arguments
print("Hello {}, your balance is {}.".format("Adam", 230.2346))

# positional arguments
print("Hello {0}, your balance is {1}.".format("Adam", 230.2346))

# keyword arguments
print("Hello {name}, your balance is {blc}.".format(name="Adam", blc=230.2346))

# mixed arguments
print("Hello {0}, your balance is {blc}.".format("Adam", blc=230.2346))

Source: programiz.com

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