Step 1: Formula for magnetic dipole moment.
\[
m = N \cdot I \cdot A
\]
where $N =$ number of turns, $I =$ current, $A =$ area.
Step 2: Substitution.
Given:
\[
A = 5 \, \text{cm}^2 = 5 \times 10^{-4} \, \text{m}^2, \quad N = 100, \quad I = 0.2 \, A.
\]
\[
m = 100 \times 0.2 \times 5 \times 10^{-4}.
\]
\[
m = 1.0 \times 10^{-3} \, \text{Am}^2.
\]
Step 3: Formula for torque.
\[
\tau = m B \sin \theta
\]
For maximum torque, $\sin \theta = 1$:
\[
\tau_{max} = m B.
\]
Step 4: Substitution.
\[
\tau_{max} = (1.0 \times 10^{-3})(1.5) = 1.5 \times 10^{-3} \, \text{Nm}.
\]
Step 5: Conclusion.
1. $m = 1 \times 10^{-3} \, \text{Am}^2$
2. $\tau_{max} = 1.5 \times 10^{-3} \, \text{Nm}$