The formula for time period -
T=2π√Lg=2π(Lg)12
Here 2, π, g have no dimensions. So we can eliminate them.
Now ΔTT=12×ΔLL
By representing in percentage error
ΔTT×100=12×ΔLL×100
ΔTT% = 12×2%
ΔTT % = 1 %
Hence the time period becomes 1 %