To balance the chemical equation:Fe + O2 -> Fe2O3We need to make sure that the number of atoms of each element on both sides of the equation is equal. First, balance the iron Fe atoms:4Fe + O2 -> 2Fe2O3Now, balance the oxygen O atoms:4Fe + 3O2 -> 2Fe2O3The balanced chemical equation is:4Fe + 3O2 -> 2Fe2O3