Notes for Mac has supported basic text formatting and image insertion for a while. After eight version of iOS, we finally get the same functionalities in Notes for iOS. It is a welcomed relief if you use Notes app to iCloud sync between iOS and Mac regularly.
To apply formatting, first select the text to format in your note. To select text, double-tap on a word, then move the selection handles to include the range of text you want to format.
On the popup edit menu, tap on the “BIU” button which stands for Bold, Italics, Underline.
Tap on the desired Bold, Italics or Underline button to apply the formatting.
To insert a picture, on the insertion location in your note, tap and hold and then release the tap.
On the popup edit menu, select “Insert Photo” button. You will then be prompted to select a photo from your Photos library. Choose “Paste” from the menu if you want to insert picture or text in your iOS clipboard.