10cm square = 10 x10 = 100 cm2 (I think that is what you meant by 10 cm square)
pi r^2 = hole area = 3.14
1/2 of the paper would be 50 cm2
50/3.14 =50/3.14 = 15.9235668789808917 or 16 holes
i think the answer is 4