DJ_MARKY_MARK wrote:
My iMac is in mint condition and still has 700GB+ storage on it, but for some reason it has started running very slow
If you have not recently started running much heavier workloads, that might tend to point to a cause other a lack of RAM. I used a Late 2009 iMac with 8 GB of RAM for many years, and for most applications, the amount of RAM did not seem to be an issue.
Except when I ran Parallels Desktop and started up Windows inside of it. Then Windows very painfully, very slowly, staggered to its feet. Later, when I added an external SSD, starting up Windows went from "root canal type slow", to "merely dog slow." That was a case where the Mac clearly could have used more RAM. If you are a moderate to heavy user of programs like Adobe Photoshop, that might be another case where >8 GB of RAM would help.
But I'm thinking that perhaps your hard drive (or the hard drive component of a Fusion Drive) is beginning to fail. Or that you've installed some sort of "antivirus", "security", "cleaner",etc. software that might have contributed a lot to the sudden slowdown of the system. In this case, adding more RAM is unlikely to help much unless you also fix the underlying problem.
, i've tried doing a software update but its not even finding the update from the apple site when I click get and the iMac it keeps telling me in preferences I need to do software update
You can upgrade that iMac as far as macOS 11 (Big Sur), and no further. I would not suggest doing so until you have checked out the health of the drive a little more – as all of the drive access involved in installing a new version of the OS could push a failing drive (IF it is failing) over the edge.
How to download and install macOS - Apple Support