$Y = \frac{4MgL}{\pi D^{2}I}$ so maximum permissible error in $Y$ $= \frac{\mathrm{\Delta}Y}{Y} \times 100 = \left( \frac{\mathrm{\Delta}M}{M} + \frac{\mathrm{\Delta}g}{g} + \frac{\mathrm{\Delta}L}{L} + \frac{2\mathrm{\Delta}D}{D} + \frac{\mathrm{\Delta}l}{l} \right) \times 100$ $= \left( \frac{1}{300} + \frac{1}{981} + \frac{1}{2820} + 2 \times \frac{1}{41} + \frac{1}{87} \right) \times 100$ $= 0.065 \times 100 = 6.5\%$