To balance the given chemical equation, we need to make sure that the number of atoms of each element on both sides of the equation is equal.Fe2O3 + CO Fe + CO2First, let's balance the Fe iron atoms:2Fe2O3 + CO 4Fe + CO2Now, let's balance the O oxygen atoms:2Fe2O3 + 3CO 4Fe + 3CO2Finally, let's balance the C carbon atoms:2Fe2O3 + 3CO 4Fe + 3CO2The balanced chemical equation is:2Fe2O3 + 3CO 4Fe + 3CO2