Excel is fine for small things, SWMBO uses it for the accounts for the Village Hall and a couple of other entities. You can get the spreadsheet to tell you when the accounts don't balance, f'instance. But much larger and I woul dhave thought it starts to become opaque.
If you mean a 360/75, then I expect it would have had double-precision (64-bit) floating point back then. Certainly the Sigma-7 I was using in the
70s had it. I wrote a histogram package at that point, in assembler, and initially used 32-bit floating point. Testing quickly showed that this gave occasional errors, so I switched all the single-precision opcodes to their double-precision counterparts and had no more trouble.