The LET function in Excel is a powerful tool for those who work with lengthy formulas. It helps you define named variables in the formula and get calculation results. The function proves particularly beneficial when the same expression appears multiple times in a formula. In practice, LET makes complex formulas easier to read and write in Excel. Fundamentally, the function is similar to naming formulas, cells, and ranges in the Name Manager.

This open-access Excel template is a useful tool for financial analysts, business analysts, consultants, corporate executives, and anyone preparing a corporate presentation.

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You can also explore other related functions such as—XMATCH, SEQUENCE, RANK, and FREQUENCY.