"Encapsulation" is a specific terminology referring to the number / quantity of molecules exclusively internalised by a capsule (such as liposome, noisome, nanoliposome, SLN or tocosome).
"Entrapment" is a broad terminology referring to the number / quantity of molecules (e.g. drug molecules) taken inside the core (e.g. hydrophilic material dissolved in the aqueous core of the carrier / capsule) plus those entrapped in the lipid phase of the bilayer of the capsule.
Below are some equations in reply to the rest of your question:
EE % = [W1 - W2 / W1] X 100
DL % = [W1 - W2 / total lipid] X 100
EE: encapsulation efficiency
DL: drug loading
W1 is the content of total drug added; W2 is the content of free (not encapsulated or entrapped) drug.
Note: instead of "total lipid" you can use total ingredients of the capsule (or carrier system).