Weekly question 1 | How many Squares can be formed with dots on each vertex

How many Squares can be formed from the dots | Find the total number of squares in the figure | Join dots to make squares
This is a very interesting question involving a nxn grid of dots. The task is to find out the total number of squares such that each vertex of the square lies on a dot.
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[@LavaleshKarna]

Looks like a tough one. It's gonna take me some time to solve this one. I'm on it. 🧑‍🏫