The volume \( V \) of a pyramid can be calculated using the formula:
\[ V = \frac{1}{3} \times \text{Base Area} \times \text{Height} \]
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First, calculate the area of the rectangular base:
- Length = 12 ft
- Width = 16 ft
\[ \text{Base Area} = \text{Length} \times \text{Width} = 12 , \text{ft} \times 16 , \text{ft} = 192 , \text{ft}^2 \]
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Next, use the height of the pyramid:
- Height = 24 ft
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Now substitute these values into the volume formula:
\[ V = \frac{1}{3} \times 192 , \text{ft}^2 \times 24 , \text{ft} \]
\[ V = \frac{1}{3} \times 4608 , \text{ft}^3 = 1536 , \text{ft}^3 \]
Thus, the volume of the pyramid is \( \boxed{1536 , \text{ft}^3} \).