The intensity in Young's double slit experiment is given by the equation:
\[
I = I_0 \cos^2 \left( \frac{\pi \Delta x}{\lambda} \right)
\]
Where:
- \( I_0 \) is the maximum intensity,
- \( \Delta x \) is the path difference,
- \( \lambda \) is the wavelength.
Given that the path difference \( \Delta x = \frac{\lambda}{4} \), we can substitute this value into the intensity equation:
\[
I = I_0 \cos^2 \left( \frac{\pi \times \frac{\lambda}{4}}{\lambda} \right)
\]
Simplifying:
\[
I = I_0 \cos^2 \left( \frac{\pi}{4} \right)
\]
Since \( \cos \left( \frac{\pi}{4} \right) = \frac{1}{\sqrt{2}} \), we get:
\[
I = I_0 \left( \frac{1}{\sqrt{2}} \right)^2 = \frac{I_0}{2}
\]
Thus, the intensity is \( \frac{K}{2} \), so the correct answer is \( \frac{K}{2} \).