Iron will react with silver oxide to produce iron oxide and silver metal. Here's the balanced equation:

2 Fe + 3 Ag₂O → Fe₂O₃ + 6 Ag

Explanation:

* Reactants:

* Iron (Fe) is a solid metal.

* Silver oxide (Ag₂O) is a solid compound.

* Products:

* Iron oxide (Fe₂O₃) is a solid compound (also known as rust).

* Silver (Ag) is a solid metal.

Balancing the Equation:

* We need 2 iron atoms on both sides of the equation.

* We need 3 oxygen atoms on both sides of the equation.

* We need 6 silver atoms on both sides of the equation.

This reaction is an example of a single displacement reaction, where a more reactive metal (iron) displaces a less reactive metal (silver) from its compound.