Changing Input Data When Outputting It in React

Let's say we're going to enter a number into the input. Let's make it so that as we enter a number into the input, the square of the number entered is displayed in the paragraph:

jsxfunction App() {
  const [value, setValue] = useState(0);
  
  function handleChange(event) {
    setValue(event.target.value);
  }
  
  return <div>
    <input value={value} onChange={handleChange} />
    <p>{value ** 2}</p>
  </div>;
}