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Using an exponential function, it is found that the population of Clay County will be of $13,482.
<h3>What is an exponential function?</h3>An increasing exponential function is modeled by:
In which:
- A(0) is the initial value.
- r is the growth rate, as a decimal.
In this problem, the current population is 10,300 people, with a growth rate of 3%, hence A(0) = 10,300 and r = 0.03.
The equation is given by:
Hence, in 10 years, the population will be given by:
More can be learned about exponential functions at brainly.com/question/25537936
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