Step 1: The volume of a sphere is given by:
\[
V = \frac{4}{3} \pi r^3.
\]
Step 2: Differentiating with respect to time, we get:
\[
\frac{dV}{dt} = 4 \pi r^2 \frac{dr}{dt}.
\]
Step 3: Given \( \frac{dr}{dt} = 0.02 \, \text{cm/s} \) and \( r = 10 \, \text{cm} \), substitute to find the rate of change of volume:
\[
\frac{dV}{dt} = 4 \pi (10)^2 (0.02) = 6 \pi \, \text{cm}^3/\text{s}.
\]
Final Answer:
\[
\boxed{6 \pi \, \text{cm}^3/\text{s}}
\]