Equation 5+5+5=550 riddle

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




Similar Riddles

If,
29 - 1 = 30
9 - 1 = 10
14 - 1 = 15

Based on similar logic, Can you prove that the below algebraic equation is true?
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There is a cryptic organization called Cicada 3301 that posts challenging puzzles online, possibly to recruit codebreakers and linguists.