In the Young's double slit experiment, the intensity \( I \) at a point on the screen depends on the path difference \( \Delta x \) between the two waves. The intensity can be expressed as:
I = I_0 \cos^2\left(\frac{\pi \Delta x}{\lambda}\right)
where \( I_0 \) is the maximum intensity, \( \lambda \) is the wavelength of the light used, and \( \Delta x \) is the path difference.
When the path difference is \( \frac{\lambda}{4} \), the intensity of light at that point is \( \frac{K}{2} \). Therefore, the correct answer is K/2.