[excel] How to loop in excel without VBA or macros?

You could create a table somewhere on a calculation spreadsheet which performs this operation for each pair of cells, and use auto-fill to fill it up.

Aggregate the results from that table into a results cell.

The 200 so cells which reference the results could then reference the cell that holds the aggregation results. In the newest versions of excel you can name the result cell and reference it that way, for ease of reading.