Put rice, water and salt in the Instant Pot pressure cooker.
Close the lid of the Instant Pot and set the valve to Sealing position.
Press the "Pressure Cook" or "Manual" button, and set the time to 5 minutes on High pressure.
When the rice finishes cooking and timer beeps, allow the pressure to release naturally for 10 minutes, then open the valve to release the remaining pressure.
Fluff the rice with a fork and serve.
Notes
If you rinse your rice, the ratio of rice to water for the Instant Pot is 1:1.