Final answer:
After two years, and thus two half-lives, 4 radioactive parent atoms would remain from the initial 16, as each half-life results in the number of radioactive nuclei being halved.
Step-by-step explanation:
If 16 radioactive parent atoms decayed to half their number after one year, 8 would remain after the first year. According to the concept of half-life, the number of radioactive nuclei decreases exponentially. After two years, another half-life would pass, and half of the remaining 8 atoms would decay, leaving us with 4 radioactive parent atoms. This process of radioactive decay shows that the radioactive atoms are replaced by their decay products, also known as daughter elements.