By numerical simulation of basic flow, this paper extends Floquet stability analysis of interfacial flow with periodic fluctuation into large density ratio range. Stability of a liquid aluminum jet in a coaxial nitrogen stream with velocity fluctuation is investigated by Chebyshev collocation method and the Floquet theory. Parametric resonance of the jet and the influences of different physical parameters on the instability are discussed. The results show qualitative agreement with the available experimental data.