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Microsoft Excel has the basic features of all spreadsheets, using a grid of cells arranged in numbered rows and letter-named columns to organize data manipulations like arithmetic operations. It has a battery of supplied functions to answer statistical, engineering, and financial needs. In addition, it can display data as line graphs, histograms and charts, and with a very limited three-dimensional graphical display.
An Excel formula is any equation entered into a cell on a Microsoft Excel spreadsheet. These formulas are what make Excel so powerful. Any program can generate a table, and if that's all you're using Excel for, you are really missing out. When you use formulas on your spreadsheets, you transform them from boring databases into interactive tools that can provide you with a wealth of valuable information.