I don't think that this is about "how much", "how many". The quantity by itself does not determine the degree of formality.
The words that you choose however do sound more formal or less formal. For example, compare the examples below:
1) less formal
But the words that you use do sound more formal or less formal.
2) more formal
The words that you use however
do sound more formal or less formal.
1) less formal (?)
The cell phone is thin and light and therefore very convenient to carry around.
2) more formal (?)
The cell phone is thin and light, hence very convenient to carry around.
1) less formal
[...]then there is the interest to be paid.
2) more formal
[...]Additionally, there is the the interest to be paid.