x^2 + y^2 = r^2
will give you all the (x, y) points that belong to a circle of radius "r", centred on the origin (0, 0).
If the centre of the circle is at a point other than the origin,
for example, if the centre is at (x, y) = (a, b)
(where a and b are numbers)
then the complete equation is
(x - a)^2 + (y - b)^2 = r^2
Once you are given the values of r, a and b,
the (x, y) solutions to the equation give you all the points that belong to the circumference of the circle.
----------
In plane geometry (geometry on a flat surface), the properties of the circle can be found using basic formulas.
The basic element of a circle is its radius (r). Once you are given the value of r, you can find the length of the circumference with
Circ. = 2 π r
where π (the Greek letter "pi") is a fixed value (approx. 3.1416)
and you can find the Area of the circle with
A = π r^2
if the length of the radius is given in inches (for example), then the Area will come out in square inches. If r is given in metres, then the area will come out in square metres. And so on.
---
Therefore, each one is "the" formula... depending on what you are looking for.