Step 1: Equation of motion:
$m\ddot y = -A\rho g\,y$, so $\ddot y + \dfrac{A\rho g}{m}y = 0$.
Step 2: Compare with SHM:
This is $\ddot y + \omega^2y = 0$ with $\omega^2 = \dfrac{A\rho g}{m}$.
Step 3: Frequency:
$f = \omega/2\pi = \dfrac1{2\pi}\sqrt{\dfrac{A\rho g}{m}}$, option (C).
Final Answer:
The frequency is 1/(2 pi) times root of A rho g over m.
\[ \boxed{\text{(C) }\dfrac{1}{2\pi}\sqrt{\dfrac{A\rho g}{m}}} \]