Step 1: The lens maker's formula for focal length \( f \) in a medium with refractive index \( \mu \) and radii of curvature \( R_1 \) and \( R_2 \) is given by:
\[
\frac{1}{f} = (\mu - 1) \left( \frac{1}{R_1} - \frac{1}{R_2} \right)
\]
For air, the focal length is \( f = 24 \, \text{cm} \) and the refractive index is \( \mu_{\text{air}} = 1.5 \). The refractive index of water is \( \mu_{\text{water}} = 1.33 \).
Step 2: To find the focal length in water, \( f' \), we use the relationship derived from the lens maker's formula:
\[
\frac{1}{f'} = \left( \frac{\mu_{\text{water}} - 1}{\mu_{\text{air}} - 1} \right) \cdot \frac{1}{f}
\]
Substituting the given values:
\[
\frac{1}{f'} = \left( \frac{1.33 - 1}{1.5 - 1} \right) \cdot \frac{1}{24}
\]
\[
\frac{1}{f'} = \frac{0.33}{0.5} \cdot \frac{1}{24}
\]
Solving for \( f' \):
\[
f' = \frac{96}{1} = 96 \, \text{cm}
\]
Therefore, the focal length in water is 96 cm.