Answer
$\frac{9}{10}$
Work Step by Step
Step 1. Letting $sin^{-1}(\frac{3}{5})=t$, we have $sin(t)=\frac{3}{5}$ and $t\in (0,\frac{\pi}{2})$
Step 2. We have $cos(t)=\sqrt {1-9/25}=\frac{4}{5}$
Step 3. Thus $cos^2(\frac{1}{2}sin^{-1}(\frac{3}{5}))=cos^2(\frac{1}{2}t)=\frac{1+cos(t)}{2}=\frac{1+\frac{4}{5}}{2}=\frac{9}{10}$