Equation 5+5+5=550 riddle

How can you make the following equation true by drawing only one straight line: 5+5+5=550 ?




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A man was telling some of his war stories to his grandchildren.
"When the World War I was on the verge of end, I was awarded for my bravery for I had saved a group of my men." He coughed and then added, "When we were fighting in northern France, an enemy soldier threw a grenade at us. Before it could explode, I picked it up and threw it away. For my act of bravery, right before the war ended, A General gave me a sword engraved with the words "Awarded for Display of Bravery and Heroism in World War 1"."

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0
=========
B.Sc
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In 2007, a puzzle was released and $2 million prizes were offered for the first complete solution. The competition ended at noon on 31 December 2010, with no solution being found. Wiki