Answer
The constant of variation is $96$.
The variation equation $y=\frac{96}{x^2}$.
Work Step by Step
$y=\frac{k}{x^2}$
$y=24;x=2$
$24=\frac{k}{2^2}$
$24=\frac{k}{4}$
$24\times4=\frac{k}{4}\times4$
$k=96$
$y=\frac{96}{x^2}$
The constant of variation is $96$.
The variation equation $y=\frac{96}{x^2}$.