As I said, a CD holds 650 to 700 MB. It doesn't matter whether that's Megabytes of MP3, AAC, FLAC, WAV, JPG, or plain old Word documents. It's still 650 -700 MB.
Obviously it will hold many more word docs than MP3 files, and more MP3 files than WAV files (of the same length in time). But it's still 650-700 MB.
If you are fitting 1/10 as many AAC files onto a CD, you must be encoding them at a different bit rate - i.e. they are larger files. For the same bit rate, an AAC file should be only a few bits different in size compared to an MP3.