Yes, the Board has a PCIe x 16 slot so it will support the card since the slots are backwards compatible. And that is not a high end card so will certainly not be a problem as far as bottle necks are concerned.
Effective in gaming.... hmmm the cards we might suggest will be fine but you'd end up getting stuck with the rest of the specs of the mobo and cpu. Better wait for a while and then update/upgrade the whole rig.
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