Let
x---------> the original amount
we know that
a percent increase of 12% of x is
x*[100%+12%]/100------> x*[112]/100----> x*1.12
1.016x
x*[100%+1.6%]/100------> x*[101.6%]/100---> 1.016x
so
1.016x-------> represent a percent increase of 1.6% of x
so
the answer is
1.016x is not a percent increase greater than 12%