Mathematics · Aptitude & Commercial Mathematics

A borrower defaults on a term loan with an outstanding balance of ₹12,00,000. Mr. A had stood as a surety for this loan with a maximum liability limit of ₹8,00,000. Before the bank initiates recovery against Mr. A, the principal debtor pays ₹3,00,000 to the bank. Subsequently, the bank incurs ₹50,00,000 in legal expenses. Calculate the remaining liability of Mr. A (assuming his max guarantee ceiling still applies to the net default amount).