Concept: Radioactive decay law
Amount remaining after $n$ half-lives:
\[
N = N_0 \left(\frac{1}{2}\right)^n
\]
Step 1: Determine number of half-lives
Given $n = 4$
Step 2: Substitute values
\[
N = 12 \times \left(\frac{1}{2}\right)^4
\]
\[
N = 12 \times \frac{1}{16}
\]
Step 3: Calculate
\[
N = 0.75 \text{ mg}
\]
Final Answer:
\[
\boxed{0.75 \text{ mg}}
\]
Note:
With each half-life, the quantity reduces to half, leading to exponential decay.