Woah...thanks spidey..that diagram is so apt!!!!

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Ok here's the answer..

As correctly stated by Zorro and by the proof I gave,the image is surely formed nearer than the object.

In other words,u>v..

Now an optical illusion takes place..we all know that the convex mirror provides a large field of view and DIMINISHES objects..

And we consider a small object to be distant....so we FEEL the image is formed very far away..

Hence the note on rearview mirrors..

Thanks