Mechanical energy (ME) is the sum of potential energy (PE) and kinetic energy (KE). When the toy falls, energy is converted from PE to KE, but by conservation of energy, ME (and therefore PE+KE) will remain the same.
Therefore, ME at 0.500 m is the same as ME at 0.830 m (the starting point). It's easier to calculate ME at the starting point because its just PE we need to worry about (but if we wanted to we could calculate the instantaneous PE and KE at 0.500 m too and add them to get the same answer).
At the start:
ME = PE = mgh
ME = 0.900 (9.8) (0.830)
ME = 7.32 J
200 Hz = 200 cycles per sec
<span>1 cycle, the period = 1/200 = 0.005 seconds, or 5 milli seconds.</span>