Precision is the main difference.

Float - 7 digits (32 bit)

Double-15-16 digits (64 bit)

Decimal -28-29 significant digits (128 bit)

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