Final answer:
The image formed by the mirror is virtual, located 40 cm behind the mirror and has a magnification of -4.
Step-by-step explanation:
To determine the nature of the image, we can use the mirror formula:
1/f = 1/v - 1/u
where f is the focal length of the mirror (8 cm), v is the image distance, and u is the object distance. Plugging in the given values, we get:
1/8 = 1/v - 1/10
Solving for v, we find that the image distance is 40 cm from the mirror.
Using the magnification formula, m = -v/u, where m is the magnification, we can calculate the magnification of the image:
m = -(40/10) = -4
Therefore, the image is virtual, 40 cm behind the mirror, and the magnification is -4.