Why do you need to append an L or F after a value assigned to a C++ constant?

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I have looked at quite a few places online and can't seem to find a good explanation as to why we should append an F or L after a value assigned to a C++ constant. For example:

const long double MYCONSTANT = 3.0000000L;

Can anyone explain why that is necessary? Doesn't the type declaration imply the value assigned to MYCONSTANT is a long double? What is the difference between the above line and

const long double MYCONSTANT = 3.0000000;        // no 'L' appended

Whew!

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