Since the rectangular piece of paper has two halves of a circle cut out, then to find the remaining area you can subtract the area of the rectangle minus the area of the circle.
[tex]A_{\text{remains}}=A_{\text{ rectangle}}-A_{\text{ circle}}[/tex]
The formula to find the area of a rectangle is:
[tex]\begin{gathered} A_{\text{rectangle}}=l\cdot w \\ \text{ Where l is the length and} \\ w\text{ is the width} \end{gathered}[/tex][tex]\begin{gathered} A_{\text{rectangle}}=l\cdot w \\ l=31\operatorname{cm} \\ w=14\operatorname{cm} \\ A_{\text{rectangle}}=31\operatorname{cm}\cdot14\operatorname{cm} \\ A_{\text{rectangle}}=434\operatorname{cm}^2 \end{gathered}[/tex]
The formula to find the area of a circle is:
[tex]\begin{gathered} A_{\text{circle}}=\pi r^2 \\ \text{ Where r is the radius of the circle} \end{gathered}[/tex][tex]\begin{gathered} \pi\approx3.14 \\ r=7\text{ cm} \\ \text{ Because }r=\frac{d}{2}\text{ where d is the diameter of the circle} \end{gathered}[/tex][tex]\begin{gathered} A_{\text{circle}}=\pi r^2 \\ A_{\text{circle}}=3.14\cdot(7cm)^2 \\ A_{\text{circle}}=3.14\cdot49cm^2 \\ A_{\text{circle}}=153.86cm^2 \end{gathered}[/tex]
Finally, the area of the paper that remains is 280.14 cm².
[tex]\begin{gathered} A_{\text{remains}}=A_{\text{ rectangle}}-A_{\text{ circle}} \\ A_{\text{remains}}=434\operatorname{cm}-153.86cm^2 \\ A_{\text{remains}}=280.14cm^2 \end{gathered}[/tex]