To solve the problem of determining how the paper will appear when unfolded after being folded and cut, follow these steps:

1. Start by examining the folding pattern. The paper is folded twice, resulting in a smaller section being visible.
2. In the folded image provided, notice the cutting pattern. Specifically, the cuts made are on the folded section.
3. When the paper is unfolded, each cut appears symmetrically in the unfolded pattern, mirroring along the fold lines.
4. Let's visualize the cuts when unfolded:
   • The horizontal cut will appear as two horizontal cuts in the unfolded paper.
   • The circle and triangle cutouts will mirror on the opposite quadrant, forming a symmetrical pattern.
5. Now, match the expected unfolded pattern with the provided options.

The correct pattern will feature symmetric and mirror images of the cuts shown in the folded version, as explained above.

Thus, the correct answer is the option that matches this symmetric pattern, which can be clearly identified from the given options.