How to use the LET function in Excel?

The LET function in Excel is a powerful tool that lets you define variables or names within a formula. By allowing you to define names for calculation results, it simplifies complex formulas and improves readability.

To use the LET function, you begin by specifying a name for the variable, followed by the value or expression you want to assign to it.

By using the LET function, you can remove repeating calculations in your formulas. By encapsulating repeated expressions within the LET function, you can enhance performance and minimise errors associated with lengthy formulas.

Therefore, in case you consistently work with large data sets then using the LET function can be very useful for improving efficiency and readability of your Excel sheets.

🕙 You can use these timestamps in case you are looking for something specific
00:00 - Introduction
00:35 - Using the LET function with simple ranges
03:44 - Using the LET function with dynamic ranges

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