> I do not know what the underlying representation for floating point
> numbers is in Excel, but as your experiment shows, it is probably not
> IEEE754 double-precision binary.
> 

Well according to this is does...

https://support.microsoft.com/en-us/help/78113/floating-point-arithmetic-may-give-inaccurate-results-in-excel

But that seems to be lying. If I enter the two number into Excel, they behave 
differently.
So something in Excel "knows"

There are some exceptions listed in that document, but they don't seem to 
explain
the difference for these two numbers.



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