To find the value of the exponents, you will multiply the original number by itself by the number it s being powered by. If this sounds a little confusing here's a little example (2^3=2*2*2).
So, 2^3 would be equivalent to 2*2*2 which is 4*2 which is then 8.
You would then do the same thing w/ 4^2. 4^2 would be the equivalent of 4*4 which is 16.
Now your new simplified equation would be 8+16, which equals 24!