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Arpit Gupta 62Arpit Gupta 62 

This formula calculates the number of days since a contract with an account was activated. If the contract Status is not “Activated,” this field is blank.

Paolo BroggiPaolo Broggi
Hi Arpit,

it should be somthing like the following: 
IF(ISPICKVAL(Status, "Activated"), DATEVALUE(ActivatedDate) - TODAY(), NULL)
Also remember to set, in the lower section, the value of Blank Field Handling to Treat blank fields as blanks.

Please let me know if this helped.

Paolo