The period of oscillation \( T \) for a spring is described by:
\[ T = 2\pi \sqrt{\frac{m}{k}}. \]
Squaring both sides yields:
\[ T^2 \propto \frac{m}{k}. \]
Applying the concept of percentage errors:
\[ \frac{\Delta T^2}{T^2} = \frac{\Delta m}{m} - \frac{\Delta k}{k}. \]
Using the identity \( \frac{\Delta T^2}{T^2} = 2 \frac{\Delta T}{T} \), we obtain:
\[ 2 \frac{\Delta T}{T} = \frac{\Delta m}{m} - \frac{\Delta k}{k}. \]
Rearranging the equation to solve for \( \frac{\Delta k}{k} \):
\[ \frac{\Delta k}{k} = \frac{\Delta m}{m} - 2 \frac{\Delta T}{T}. \]
Given values:
\( \frac{\Delta T}{T} = 2\% \) (positive percentage error),
\( \frac{\Delta m}{m} = -1\% \) (negative percentage error).
Substituting the provided values:
\[ \frac{\Delta k}{k} = (-1\%) - 2(2\%) = -1\% - 4\% = -5\%. \]
Therefore, the absolute value of the percentage error in \( k \) is:
\[ \left| \frac{\Delta k}{k} \right| = 5\%. \]
Conclusion: \( 5\% \) (Option 4)