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Answer:
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Step-by-step explanation:
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The answer is to your question is 100:1
Let's consider the scenario after each year:
After the zeroth year, the population is: 120 000(1 + 0.04)⁰
After the first year, the population is: 120 000(1 + 0.04)¹
After the second year, the population is: 120 000(1 + 0.04)²
...
Thus, we can find the general rule:
After the nth year, the population is: 120 000(1 + 0.04)ⁿ
And after the 16th year, the population is 120 000(1 + 0.04)¹⁶ = 224 758 (rounded to nearest whole number)