Concept:
When a rational number is represented as a fraction \( \frac{x}{y} \), the conditions given in the question can be converted into algebraic equations. Solving the simultaneous equations gives the numerator and denominator, from which the required expression can be evaluated.
Step 1: Represent the rational number in fractional form.
Let
\[
r=\frac{x}{y}
\]
where \(x\) is the numerator and \(y\) is the denominator.
According to the first condition, if 2 is added to the denominator, the value becomes \( \frac12 \).
Therefore,
\[
\frac{x}{y+2}=\frac12
\]
Cross multiplying,
\[
2x=y+2
\]
\[
y=2x-2
\]
This is our first equation.
Step 2: Use the second condition to form another equation.
If 5 is subtracted from the numerator, the value becomes \( \frac13 \).
Hence,
\[
\frac{x-5}{y}=\frac13
\]
Cross multiplying,
\[
3(x-5)=y
\]
\[
y=3x-15
\]
This is our second equation.
Step 3: Solve the simultaneous equations.
From the two equations,
\[
2x-2=3x-15
\]
Subtracting \(2x\) from both sides,
\[
-2=x-15
\]
\[
x=13
\]
Substituting \(x=13\) into
\[
y=2x-2
\]
we get
\[
y=2(13)-2
\]
\[
y=24
\]
Therefore,
\[
r=\frac{13}{24}
\]
Step 4: Evaluate the required expression.
We need to find
\[
\frac{1+r}{1-r}
\]
Substituting \(r=\frac{13}{24}\),
\[
\frac{1+\frac{13}{24}}{1-\frac{13}{24}}
\]
Taking LCM in numerator and denominator,
\[
=\frac{\frac{24+13}{24}}{\frac{24-13}{24}}
\]
\[
=\frac{\frac{37}{24}}{\frac{11}{24}}
\]
\[
=\frac{37}{24}\times\frac{24}{11}
\]
\[
=\frac{37}{11}
\]
Hence,
\[
\boxed{\frac{37}{11}}
\]