To multiply -2 1/2 by -1 3/5, we first convert the mixed numbers to improper fractions.
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Convert -2 1/2 to an improper fraction: \[ -2 \frac{1}{2} = -\left(2 \times 2 + 1\right)/2 = -\frac{5}{2} \]
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Convert -1 3/5 to an improper fraction: \[ -1 \frac{3}{5} = -\left(1 \times 5 + 3\right)/5 = -\frac{8}{5} \]
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Now multiply the two fractions: \[ -\frac{5}{2} \times -\frac{8}{5} \]
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When multiplying fractions, we multiply the numerators and the denominators: \[ = \frac{5 \times 8}{2 \times 5} = \frac{40}{10} \]
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Simplifying \(\frac{40}{10}\): \[ = 4 \]
Thus, the answer is \(4\) as a decimal: \[ \boxed{4.0} \]