Step 1: Understanding the Concept:
This is a parametric differentiation problem. We first find $\frac{dy}{dx} = \frac{dy/dt}{dx/dt}$. To find the second derivative, we use $\frac{d^2y}{dx^2} = \frac{d}{dt}\left(\frac{dy}{dx}\right) \cdot \frac{dt}{dx}$.
Step 2: Formula Application:
$dx/dt = 2at$
$dy/dt = 2a$
$\frac{dy}{dx} = \frac{2a}{2at} = \frac{1}{t}$
Step 3: Explanation:
$\frac{d}{dt}(\frac{dy}{dx}) = \frac{d}{dt}(t^{-1}) = -t^{-2}$
Now, $\frac{d^2y}{dx^2} = -t^{-2} \times \frac{1}{2at} = -\frac{1}{2at^3}$
Since $y = 2at \implies t = y/2a$.
$\frac{d^2y}{dx^2} = -\frac{1}{2a(y/2a)^3} = -\frac{4a^2}{y^3}$. (None of the original options match exactly; the calculated result is $-1/(2at^3)$ or equivalent).
Step 4: Final Answer:
The result is $-1/(2at^3)$.