I will grant that you will have some benefit of exercise, but the same? No.
The effect of exercise (training stress, if you want to be technical) is basically effort multiplied by time. If you exert the same effort for a shorter time, you'll have less exercise effect. If you exert less effort for the same time, you'll have less exercise effect. You're getting help (that's the whole point of these things, right?), and so you're not getting "the same benefit of the exercise."