The time period of a simple pendulum in a fluid is given by:
\[
t = T \sqrt{\frac{\rho_b}{\rho_b - \rho_f}}
\]
where:
\( \rho_b \) = Density of the bob \( = \frac{5000}{3} \) kg/m\(^3\)
\( \rho_f \) = Density of the fluid (water) \( = 1000 \) kg/m\(^3\)
Substituting:
\[
\frac{T}{t} = \sqrt{\frac{\rho_b - \rho_f}{\rho_b}}
\]
\[
= \sqrt{\frac{\frac{5000}{3} - 1000}{\frac{5000}{3}}}
\]
\[
= \sqrt{\frac{\frac{5000 - 3000}{3}}{\frac{5000}{3}}}
\]
\[
= \sqrt{\frac{2000}{5000}}
\]
\[
= \sqrt{\frac{2}{5}}
\]
Thus, the correct answer is \( \sqrt{\frac{2}{5}} \).