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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If at least one of them guesses correctly they win $10,000 each, but if anyone guesses incorrectly they all get nothing.
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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