Step 1: Setting up the area formula:
Area \(A=xy\).
Step 2: Differentiating w.r.t. time:
By the product rule, \(\dfrac{dA}{dt}=x\dfrac{dy}{dt}+y\dfrac{dx}{dt}\).
Step 3: Substituting given values:
Here \(\dfrac{dx}{dt}=-3\) cm/min (decreasing), \(\dfrac{dy}{dt}=2\) cm/min (increasing), \(x=5\), \(y=3\): \(\dfrac{dA}{dt}=5(2)+3(-3)=10-9\).
Final Answer:
\[ \boxed{\dfrac{dA}{dt}=1\ \text{cm}^2/\text{min (increasing)}} \]