As John douma has mentioned in the comments you have to use the continuous model: $P'(t)=k\cdot P(t)$, where $P(t)$ is the population of the algae cells.
First of all we solve this differential equation by the method of Separation of variables.
$P'(t)=k\cdot P(t)$
$\frac{dP}{dt}=k\cdot P(t)$
Dividing the equation by $P(t)$ and multiplying the equation by $dt$.
$\frac{1}{P(t)} \ dP=k \ dt$
Integrating both sides
$\int \frac{1}{P(t)} \ dP=\int k \ dt$
$\ln(P)=k\cdot t+c$
To obtain $P$ on the LHS we take both sides as an exponent of the number $e$.
$e^{\ln(P)}=e^{k\cdot t+c}$
$P=e^{k\cdot t}\cdot e^c$
Replacing $e^c$ by $C$
$P=C\cdot e^{k\cdot t}\quad (*)$
To determine the constants C and k we use the following information:
- Given a beginning population of $100$ algae cells per milliliter of water ...
The equation is $P(0)=100\Rightarrow P(0)=C\cdot e^{k\cdot 0}=C\cdot 1=100\Rightarrow C=100$
- ... so that its population doubles in 3 days
That means after 3 days the population is $200$: $P(3)=200$
$P(3)=100\cdot e^{k\cdot 3}=200$
$e^{k\cdot 3}=\frac12$
Taking $\ln()$ on both sides.
$3\cdot k=\ln\left( \frac12\right)$
$k=\frac{\ln\left( \frac12\right)}{3}$
Now we can use (*) to obtain $P(t)$
$P(t)=100\cdot e^{\ln(2)\cdot \frac{t}3}=100\cdot \left(e^{\ln(2)}\right)^{ \frac{t}3}=100\cdot 2^{\frac{t}{3}}$