A 50 lb. bag of sand will fill your 75 exactly one inch deep, assuming your tank has a 48" X 18" footprint.
Here's how I rinse sand: fill a bucket about 1/4 full of sand, then run water into it with a hose (not so strong a flow that you slosh water out). Stir vigorously with your hand (this can be rough on your skin) or a sturdy tool. Most of the fine particles will stay suspended in the water long enough to pour them off, while the heavier grains will sink to the bottom.
It'll take several rounds of rinsing for each batch, and will take several hours for the whole bag if you are using play sand or leveling sand. I haven't tried pool or sandblasting sand.