How can PHP be used to dynamically assign values to specific elements on a webpage?

To dynamically assign values to specific elements on a webpage using PHP, you can use PHP echo statements within the HTML code. By embedding PHP code within the HTML, you can dynamically generate content based on variables or conditions.

<!DOCTYPE html>
<html>
<head>
    <title>Dynamically Assign Values</title>
</head>
<body>
    <h1>Welcome, <?php echo $username; ?></h1>
    <p>Your account balance is: <?php echo $balance; ?></p>
</body>
</html>