SharePoint Formulas and Functions

While working with a SharePoint List, I wanted to add couple of Columns with Formulas and I came across the below url from Microsoft.

“Formulas are equations that perform calculations on values in a list. A formula starts with an equal sign (=).”

“Functions are predefined formulas that perform calculations by using specific values, called arguments, in a particular order, or structure. Functions can be used to perform simple or complex calculations. For example, the ROUND function rounds off a number in the Cost column.”