Can i run the latest version of photoshop on my pc?
Hewlett Packard 110-025IL
Intel core i3 3240t
Intel hd graphics 2500
Two sticks of 2gb ddr3 1333mhz(both are 8x1)=4gb
500gb hdd
no not by long shot, to be frank even running Photoshop CS5 ( which is the version that came 11 years ago, it would haven been an ugly experience)
not all is lost, there are other options on the table, which will be okay on your hardware and are fairly cheap.
Affinity designer:
The perfect app for creatives and other professionals looking to create high-quality concept art, illustrations, logos, icons, UI designs, mock-ups and more.
affinity.serif.com
very similar workflow to photoshop, fairly comparable feature wise, getting quite popular in the DTP crowd. And best of all it's one fee of 50 bucks, unlike photoshop for which you get charged monthly.
OpenCanvas
Japanese cartoonists and illustrators are using openCanvas!openCanvas is a paint/drawing software program from Japan, it is used worldwide and received many software awards.
www.portalgraphics.net
again very similar workflow, quite fast but more geared towards digital painting than photography. Costs 60, bu when on sale you can get it for as little as 25.
if you're interested in retro pixel graphics:
Asperite
https://www.aseprite.org/ 20bucks
nothing like photoshop, it is more like a spiritual successor to deluxe paint IV.
Promotion NG:
https://www.cosmigo.com/pixel_animation_software 40bucks
GIMP
it's decent and it's free. it's not as feature rich more of those listed the above. But still it's fee.