Concept:
Meselson and Stahl experimentally proved the semiconservative mode of DNA replication using isotopes of nitrogen:
\[
^{15}\text{N} \quad \text{and} \quad ^{14}\text{N}
\]
Generation time of E.coli is approximately:
\[
20 \text{ minutes}
\]
Step 1: First generation (20 minutes).
After transfer from heavy nitrogen medium to light nitrogen medium:
\[
100% \text{ Hybrid DNA}
\]
is obtained.
Step 2: Second generation (40 minutes).
Each hybrid molecule produces:
\[
1 \text{ Hybrid} + 1 \text{ Light}
\]
Therefore:
\[
50% \text{ Hybrid}
\]
and
\[
50% \text{ Light}
\]
DNA molecules are obtained.
Hence the correct answer is:
\[
\boxed{50% \text{ Hybrid and } 50% \text{ Light}}
\]