What term describes an interconnected system of computers, peripherals, and other equipment that transmit and share information?

The correct term that describes an interconnected system of computers, peripherals, and other equipment that transmit and share information is network topology. Network topology refers to the arrangement of various elements (links, nodes, etc.) in a computer network. It defines how different devices are connected and communicate with each other, including their layout and organization.

Understanding network topology is crucial as it directly influences the performance and reliability of the network. For example, a star topology connects all devices to a central hub, which simplifies management and troubleshooting, while a bus topology connects all devices along a single cable, which can be more susceptible to failure if that cable becomes damaged.

This distinction is important in contrast to the other terms. The term network extranet refers to a controlled private network that allows access to outsiders, such as business partners. Network architecture describes the conceptual model that defines the structure, behavior, and more of a network and how different components interact. Network equation is not a commonly recognized term in the context of networking and does not effectively describe the interconnected system in question. Thus, network topology is the most accurate term among the provided options.