Answer:
You need to know the accuracy to which you can read the ruler:
Suppose that you can read the read the ruler to the nearest milimeter
A = L * W your calculated area of the rectangle
A + ΔA = (L + ΔL) * (W + ΔW) = L W + L ΔW + W * ΔL + ΔL ΔA
Or ΔA = L ΔW + W ΔL
Where we have subtracted A = L * W and the term ΔL * ΔA is very small
So (5 + .1) * (2 + .1) - 5 * 2 = .1 * 2 + .1 * 5 = .7 cm^2
Then you report A = 10 cm^2 +- .7 cm^2 including the - sign for completeness