The given figure is made up of triangles, let's number each triangle for better understanding
We can observe that triangles 1 and 2 will make a square.
Similarly, 3 and 4,5 and 6,7 and 8,9 and 10 and 11 and 12 will also make a square
Triangles
4,5,8 and 9 will also make a square
Triangles
1,2,3,4,9,10,11 and 12 will make a square and similarly triangles
3,4,5,6,7,8,9, and 10 will make a square.
Hence there will be a total of 9 squares possible.