No. Mechanical energy is not conserved. There's quite a bit of friction on the slide. So some of the potential energy is lost to heat on the way down, and the child arrives at the bottom with hot pants and less kinetic energy than you might expect.
<span> The
failure of the anchovy harvest in 1972 was blamed on El Niño.</span>
Their relative speed is the sum of 60 and 40 or 100km/hr. They will travel the 150km in 1.5 hrs. When two object approach each other, the closing speed is just the sum of the speeds, therefore, the closing speed is your case is 100kph. So they will meet in 1.5 hours.