The Let is also known as the assignment statement. Its purpose is to place a new value into a variable. The general form of the Let is:
LET var = exp
or
var = exp
where Let is a keyword, var is any variable and exp is any suitable expression. The types of variables and what is a legal expression are topics for attached exhibits.
Links:
Variables and Variable Types
What is an expression?
An Let statement is NOT an equation
First BASIC Statements