How to find simple interest for specific year?

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  • Principle = 49000;
  • Rate of Interest = 57 1/7%;
  • Time = 5 yrs;
  • I need to find SI of 2nd year = ?

My Try: R = 57 1/7% i.e 4/7 which means Interest/Principle.

Principle; 7 corresponds to 49000 (given).