This is a typical application circuit of the 7824 IC. We just need two capacitors of value 0.33uf and 0.1uf to get this IC working. The input capacitor 0.33uF is a ceramic capacitor that deals with the input inductance problem and the output capacitor 0.1uF is also a ceramic capacitor that adds to the stability of the circuit. These capacitors should be placed close to the terminals for them to work effectively. Also, they should be of the ceramic type, since ceramic capacitors are faster than electrolytic.
LM7824 Voltage Regulator 2D Model is given below:
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