The volume of a spherical balloon is:
V = (4/3)·π·r3
To find the rate of change of the volume, take the first derivative wrt time. You'll need to apply the Chain Rule:
dV/dt = (4/3)·π·dr3/dt·(dr/dt) = (4/3)·π·3r2·(dr/dt)
dV/dt = 4·π·r2·(dr/dt)
Now dV/dt is given as 4.75 ft3/min when r = 5 ft. Plug those numbers into the above equation and solve for dr/dt, the rate of change of the radius in ft/sec