PC 3200 runs at the 400mhz FSB speed. PC 2700 is 333mhz, and PC 2100 is 266mhz. Thats all doubled of course (DDR means Double Data Rate). You will see these listed under the single rate speeds also of 133, 166, and 200. The newer motherboards use DDR2 RAM, and DDR3 is coming out now that runs at much higher speeds.
All RAM from PC2100 to PC3200 is compatible, it will just run at the speed of the slowest stick. If you have a stick of PC 2100 and a stick of PC 3200, both will run at the PC 2100 speed. That might seem like you are wasting money but you ARE adding more RAM to the system, you can swap out the second stick later if you want and make them both PC 3200. You still wont really notice much difference though until your CPU is running at the same FSB speed. A 1.5Ghz processor could either be running at 266 or 333 speeds. You will have to check your documentaiton, or run a diagnostic utility that measures the processor speed and FSB speed. I'm guessing since you have PC 2100 RAM, your CPU is running a FSB speed of 266 also. I'm also going to guess that your MOBO doesnt support overclocking. So the only way to speed up the computer is to upgrade the memory AND the CPU. If that isnt an option right now, just buy a cheap stick of PC 2100 and increase your RAM to 512MB to get you through until you can afford to upgrade everything.
Good luck.