If i upgrade my RAM will that be enough to improve performance even though the CPU stays the same?

I have an iMac (mid-2010) 4gb, Intel dual core i3 processor. OSX Mavericks (newest version)
I have moved almost all data to a 3TB external drive, freeing up much of the space giving me 871gb free storage on the main drive.
I am also running my libraries, back ups, & media from the external drive keeping the main free.
I am upgrading to 4x4gb to increase RAM to 16gb for the iMac. 
However the CPU is still the same. 
Clearly I am not very versed in understanding the hardware.  I've spent the last two days learning a lot!!  Everyone has been super helpful in
guiding me, and I feel I am almost there. 
Just want to understand how I can get my iMac to function at its best when working in FCPX (newest version).  Especially
when it comes to rendering & exporting. My workload is heavy, multiple videos at 1080i HD.
I don't know much about how to read the Activity Monitor and posting a picture.  When viewing, and fcpx is running, the CPU will be
upwards of 300%!! 
HELP!  THANKS
ASHLEY

ashambeck wrote:
Haven't spent any money just yet. Slightly panicking because Im not a computer person, YET, but
I am learning
Im extremely surprised that a 4 year old computer is already outdated??
Yes, it is. It can be said to be almost ancient. 
Note that this is not to say that your computer can't serve you. I am writing this on a 4 year old computer myself. It still works great (in fact better than when it was new, because it now has 8GB and an SSD). I can work on FCP X on it, too. I can run Mavericks and will be able to run Yosemite, too.
But I also have the chance to try a 2013 Retina MacBook Pro, and it is night and day :-)

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