Step 1 :The problem is asking for the time $t$ when the amount of carbon-14 in the bone is $64\%$ of the original amount (since it has lost $36\%$). This can be represented by the equation $0.64P_{0}=P_{0} e^{-0.00012 t}$.
Step 2 :We can solve this equation for $t$ by setting $P_{0} = 1$ and $P = 0.64$.
Step 3 :Solving the equation gives $t = 3719.0591885701624$.
Step 4 :Rounding to the nearest integer gives $t = 3719$.
Step 5 :Final Answer: The bone is approximately \(\boxed{3719}\) years old.