Answer
$\frac{1}{5}$
Work Step by Step
Step 1. Letting $cos^{-1}(\frac{3}{5})=t$, we have $cos(t)=\frac{3}{5}$ and $t\in (0,\frac{\pi}{2})$
Step 2. Thus $sin^2(\frac{1}{2}cos^{-1}(\frac{3}{5}))=sin^2(\frac{1}{2}t)=\frac{1-cos(t)}{2}=\frac{1-\frac{3}{5}}{2}=\frac{1}{5}$