The magnetic field at point \( P \) is inversely proportional to the cube of the distance, \( B \propto \frac{1}{d^3} \). The propagation of errors is used to determine the uncertainty in the magnetic field, considering the uncertainty in the length measurement.
Given a 1% relative uncertainty in length, the relative uncertainty in the magnetic field is three times this value:
\[
\text{Relative Uncertainty in } B = 3 \times \text{Relative Uncertainty in Length}
\]
Consequently, the uncertainty in the magnetic field is 3%.