Decimals have much higher precision and are usually used within financial applications that require a high degree of accuracy. Decimals are much slower (up to 20X times in some tests) than a double/float. Decimals and Floats/Doubles cannot be compared without a cast whereas Floats and Doubles can. Decimals also allow the encoding or trailing zeros.
Float - 7 digits (32 bit)
Double-15-16 digits (64 bit)
Decimal -28-29 significant digits (128 bit)
The main difference is Floats and Doubles are binary floating point types and a Decimal will store the value as a floating decimal point type. So Decimals have much higher precision and are usually used within monetary (financial) applications that require a high degree of accuracy. But in performance wise Decimals are slower than double and float types.
Decimals have much higher precision and are usually used within financial applications that require a high degree of accuracy. Decimals are much slower (up to 20X times in some tests) than a double/float. Decimals and Floats/Doubles cannot be compared without a cast whereas Floats and Doubles can. Decimals also allow the encoding or trailing zeros.
Float - 7 digits (32 bit)
Double-15-16 digits (64 bit)
Decimal -28-29 significant digits (128 bit)
The main difference is Floats and Doubles are binary floating point types and a Decimal will store the value as a floating decimal point type. So Decimals have much higher precision and are usually used within monetary (financial) applications that require a high degree of accuracy. But in performance wise Decimals are slower than double and float types.