Step 1: Understanding the Concept:
Acid anhydrides are derivatives of carboxylic acids. When they react with water (hydrolysis), they revert back to their parent carboxylic acids. Step 2: Formula Application:
$(RCO)_2O + H_2O \rightarrow 2RCOOH$. Step 3: Explanation:
Acetic anhydride ($(CH_3CO)_2O$) reacts with one molecule of water. The bond between the carbonyl carbon and the central oxygen breaks, and the elements of water ($H$ and $OH$) are added to form two molecules of acetic acid ($CH_3COOH$). Step 4: Final Answer:
The product formed is $CH_3COOH$.