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School doesn't give 1% literacy

Strigoi Vii

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when I bought the school it rose from about 74.2% to about 74.9%.

And that would seem to be a one percent increase. It doesn't increase it by one which seems to be what you expected. It increases it by one percent which would be your starting literacy (74.2) times 1% or 74.2*1.01 = 74.942 which rounds to what you say you got in 74.9%.

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