Correct. Substituting into the formula, you get:

$\displaystyle{P}={30},{000}{{\left({1}+{0.02}\right)}}^{{5}}={30},{000}{{\left({1.02}\right)}}^{{5}}\approx{30},{000}{\left({1.10408}\right)}\approx{33},{122}\usepackage{cmbright}\Huge\$

Rounded to the nearest one hundred, the population is 33,100.