Will adding an external hard drive speed up a computer?

Q: My sister has an older computer and it has a very small Hard drive, she only has 500 Mb's free on it so you can imagine how slow it is. I am wondering if she adds an external hard drive will it help speed up the computer? Thanks.

A: yeah it would, but if the computers that old, its prolly a better investment to get another comp, there not that much now a days lol

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