Step 1 :Translate the problem into mathematical terms. The initial population (a) is 10,000 and the growth rate (b) is 1 + 12.6/100 = 1.126. The model can be written as P = a * b^t.
Step 2 :Substitute the given values into the model. The exponential model for the population growth is \(P = 10000 \cdot (1.126)^t\).
Step 3 :Final Answer: \(\boxed{P = 10000 \cdot (1.126)^t}\)