Final answer:
The resistor's value is 24 ohms.
Step-by-step explanation:
The color coding on a resistor serves as a visual representation of its resistance value. In this instance, with a red (2) as the first band, yellow (4) as the second, and black (1) as the multiplier, you correctly determine the resistance as 24 ohms. The first two digits, 2 and 4, combine to form 24, and the black multiplier signifies a single power of 10, maintaining the value as 24 ohms. It's crucial to understand color codes to identify resistor values, ensuring accurate integration into electronic circuits for proper functionality and performance