I think
@Pretty Mouth has hit on what the OP means by different formulas, i.e. calculating the VD from the tables at design stage, vs. verifying it during testing.
The method we've all given is convenient for calculating it at design stage where you know the length of the cable, so can easily use the VD figures from the table which apply to a cable under operating conditions.
If you are testing an installation and want to confirm the VD is in limits, you probably won't know the length of the circuit but you can measure its resistance, R1 + Rn. When you measure it, it's not energised, so the conductor will be at room temperature (typically 20°C) instead of maximum working temperature (typically 70°). If you apply ohms law to the measured resistance: VD = (R1 + Rn) * Ib you will get a figure for drop at room temperature, whereas it is necessary to check it would be OK at working temperature because the resistance of copper rises by about 0.39% per degree centigrade. This equates to a factor of 1.2 between room temp and working temp.
Multiplying the resistance measurement by 1.2 gives VD = (R1+Rn) * 1.2 * Ib
In a sense it is really the same calculation, you are just correcting the measurement for the fact that you cannot measure using a normal resistance meter while the circuit is loaded. Of course there might be situations in which the temperature correction factor of 1.2 does not apply. For example, a cable run in a cool location carrying only a small fraction of its rated Iz, might never exceed 30°C. A cable operating at a high temperature (MI in a blast furnace?) might need a greater correction factor.