Determine the prime factors of each number, 24 and 56. For 24, the prime factors are 2 x 2 x 2 x 3, while for 56, the prime factors are 2 x 2 x 2 x 7.
Identify the common prime factors between the two numbers. In this case, both 24 and 56 share the prime factor 2. Since 2 is repeated three times in the prime factorization of 24 and twice in the prime factorization of 56, we take the highest power of 2, which is 2^3.
Calculate the lowest common multiple (LCM) by multiplying the highest power of each prime factor. Therefore, the LCM of 24 and 56 is 2^3 x 3 x 7, which equals 168. Therefore, the lowest common multiple of 24 and 56 is 168.
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