Is It Ok To Write "100%" In A Formal Text? - English Language & Usage ...
In a scientific or mathematical context they might occur, in which case you should use standard index form 1×10¹⁰⁰ for one followed by 100 zeros. There is the joke word "googol" for this.
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The flow rate increases 100-fold (one hundred-fold) Would be a more idiomatic way of saying this, however, the questioner asks specifically about the original phrasing. The above Ngram search would suggest that a one hundred has always been less frequently used in written language and as such should probably be avoided. Your other suggestion of by one hundred times is definitely better than a ...