Young's modulus is determined by the equation given by \( Y = 49000 \, \frac{m}{l} \, \text{dyne} / \text{cm}^2 \) where \( M \) is the mass and \( l \) is the extension of wire used in the experiment. Now error in young modules (\( Y \)) is estimated by taking data from \( M\text{–}l \) plot in graph paper. The smallest scale divisions are \( 5 \, \text{g} \) and \( 0.02 \, \text{cm} \) along load axis and extension axis respectively. If the value of \( M \) and \( l \) are \( 500 \, \text{g} \) and \( 2 \, \text{cm} \) respectively then percentage error of \( Y \) is: