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Best Answer: The chemical formula, also known as the empirical formula or the simplest formula is the simplest whole number ratio of the atoms or ions that can combine in a compound. This formula is just like the simplest foundation (also like a blueprint) of how the atomic structure or its formula will be like.
â¢ Chemical formulas can often be written from the names of covalent and ionic compounds. â¢ A chemical equation uses chemical formulas, chemical symbols, and coefficients to describe a reaction. â¢ A balanced equation has the same numbers and kinds of atoms on each side of the equation.