Step 1 :The question is asking for an exponential decay function. The general form of an exponential decay function is \(f(t) = a(1 - r)^t\), where \(a\) is the initial amount, \(r\) is the rate of decay, and \(t\) is time.
Step 2 :In this case, the initial population is 2500, and the rate of decay is 3% or 0.03.
Step 3 :Therefore, the function should be \(f(t) = 2500(1 - 0.03)^t\).
Step 4 :The exponential decay function for the population of the town after \(t\) years is \(\boxed{f(t) = 2500(1 - 0.03)^t}\).