Step 1: Calculate the synchronous speed of the motor.
Synchronous speed is given by
\[
N_s = \frac{120 f}{P}
\]
\[
N_s = \frac{120 \times 50}{12} = 500 \text{ rev/min}
\] Step 2: Calculate the slip speed.
\[
\text{Slip speed} = N_s - N
\]
\[
\text{Slip speed} = 500 - 475 = 25 \text{ rev/min}
\] Step 3: Calculate the slip of the motor.
\[
s = \frac{N_s - N}{N_s} = \frac{25}{500} = 0.05
\] Step 4: Calculate the rotor current frequency.
Rotor current frequency is given by
\[
f_r = s f
\]
\[
f_r = 0.05 \times 50 = 2.5 \text{ Hz}
\] Step 5: Conclusion.
The slip speed and rotor current frequency are
\[
\boxed{25 \text{ rev/min and } 2.5 \text{ Hz}}
\]