However, the problem states the correct formula is Fe3P2, which suggests a different charge balance. Re-examine the charges: if Fe is +3 and P is -3, the formula Fe3P2 implies 3 Fe^{3+} ions and 2 P^{3-} ions, total charge: (3)(+3) + (2)(-3) = +9 - 6 = +3, which is not neutral. Therefore, the correct formula must balance charges exactly, so the correct formula is FeP. The problem's answer Fe3P2 corresponds to iron(II) phosphide, where Fe is +2 and P is -3. So, the correct approach is to confirm the oxidation states and balance charges accordingly.