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How many squares are on a chessboard?

Asked at Goldman Sachs, IMC

Everyone says a chessboard has 64 squares, but that only counts the little 1×11\times 1 cells. There are also 2×22\times 2 squares, 3×33\times 3 squares, all the way up to the single 8×88\times 8 square that is the whole board.

How many squares of all sizes are there on an 8×8 chessboard in total?

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