Answer
$O(t) =1\cdot (0.98)^t $
Work Step by Step
The problem describes an exponential function with the following parameters.
\begin{equation}
\begin{aligned}
a&= 1\\
r&= 2\%= 0.02\\
b&=1-r = 0.98\\
\end{aligned}
\end{equation}
Hence, a model of the Organism due to pollution of the lake in 2015 is
\begin{equation}
\begin{aligned}
O(t)&= a\cdot b^t\\
&= 1\cdot (0.98)^t\\
\end{aligned}
\end{equation}