First number divisible by 3 that is greater than or equal to 50 is 51.
Last number divisible by 3 that is less than or equal to 500 is 498.
Number of terms in the sequence is calculated as:
(498 - 51) / 3 + 1 = 447 / 3 + 1 = 149 + 1 = 150
Thus, the correct answer is:
Answer: 150
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