If I recall correctly - 60 imperial seconds are equivalent to 100 metric seconds a sort of inverse to the 100 kph being equivalent to 60 mph (metric units were mandated on American speedometers at the same time)
Of course on the speedometer you can just display both units where as on the microwave entry it's more the intention of the user that drives interpretation. So they got stuck at 100=60 and since everyone just interpreted 100 metric seconds as 1:00, minute it never caught on but never went away either.