Philip P. answered 04/12/17
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Let I(d) be the intensity of the light at depth d and let I0 be the original light intensity at the surface
I(d) = I0*(1-0.05)d = I0*(0.95)d
At d = 2 meters:
I(2) = I0*(0.95)2
I(2)/I0 = (0.95)2
I(2)/I0 = 0.9025 = 90.25%