To solve this problem it is necessary to apply the concepts related to electromotive force or induced voltage.
By definition we know that the induced emf in the loop is equal to the negative of the change in the magnetic field, that is,
[tex]\epsilon = -A \times \frac{\Delta B}{\Delta t}[/tex]
[tex]\epsilon = -A \times (\frac{B_f-B_i}{t_f-t_i})[/tex]
Where A is the area of the loop, B the magnetic field and t the time.
Replacing with our values we have that
[tex]\epsilon = -(\pi (1.5*10^{-2})^2)(\frac{0-23*10^{-6}}{7*10^{-3}-0})[/tex]
[tex]\epsilon = 2.3225*10^{-6}V[/tex]
Therefore the thermal energy produced is given by
[tex]E = P*t = \frac{\epsilon^2}{R}t[/tex]
[tex]E = \frac{(2.3225*10^{-6})^2}{8*10^{-6}}*(7*10^{-3})[/tex]
[tex]E = 4.719*10^{-9}J[/tex]
The thermal energy produced in the loop is [tex]4.719*10^{-9}J[/tex]