Volume of spherical balloon of radius r is given by :
[tex]V=\dfrac{4}{3}\pi r^3[/tex]
Rate of change of radius, [tex]\dfrac{dr}{dt}=14 \ in/min[/tex] .
Now, rate of change of volume is given by :
[tex]\dfrac{dV}{dt}=\dfrac{4}{3}\times \pi (2r^2)\times \dfrac{dr}{dt}\\\\\dfrac{dV}{dt}=\dfrac{8}{3}\pi r^2\times 14\\\\\dfrac{dV}{dt}=\dfrac{112}{3}\pi r^2[/tex]
Putting r = 8 in in above equation :
[tex]\left \{ {{y=2} \atop {x=2}} \right. \dfrac{dV}{dt}=\dfrac{112}{3}\times \pi \times 8^2\\\\\dfrac{dV}{dt}=7506.31\ in^2/min[/tex]
Hence, this is the required solution.