The price of the light as a function of x is given by the exponential function:
[tex]p(x) = \$375*(0.98)^x[/tex]
We know that the original price of the light is $375.
This value decreases a 2% each year, so each year we need to multiply the above price by (1 - 2%/100%) = (1 - 0.02) = 0.98
Then, if x represents the number of years, the price of the light as a function of x is given by the exponential function:
[tex]p(x) = \$375*(0.98)^x[/tex]
if you want to learn more about exponential functions:
https://brainly.com/question/11464095
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