Answer:
Step-by-step explanation:
The continuous compound formula is
[tex]y=Pe^{rt[/tex] where P is the principle or starting value, r is the growth rate in decimal form, and t is the time in years. For us:
[tex]y=3624e^{(.03)(2)}\\y=3624e^{.06}\\y=3624(1.061836547)\\y=3848.09[/tex]
which would probably round to just 3848 people.
