The equation for the function is
y = a ( 1-r) ^x since we know that the function is decreasing
a is the inital amount and b is the percent that it decreases in decimal form
y = 56285 (1-.028) ^x
y = 56285 (.972)^x
We can change the variable to t since we are using time
y(t) = 56285 (.972)^t