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1.Word is a word processing application while Excel is a spreadsheet application

2.You usually use Word in writing letters or essays while Excel is good for creating documents that has a lot of data that needs to be presented in table form

3.You can insert Excel tables inside a Word document

4.Excel lacks some advanced formatting abilities that are present in Word

5. Word has some, but very limited, abilities to write custom equations and formulas, whereas Excel is designed for numerical analysis and manipulation and so has extensive abilities to write formulas and equations.
Excel allows you to write spreadsheets while Word allows you to write documents/papers.

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