Shape: Rectangle, 3 sided
Area = LW
Perimeter: P=L+2W [Doesn't matter which side is L. Do the math the other way if you doubt.]
Restrictions: P=120
Maximize area
L+2W=120, so L=120-2W
A = (120-2W)W
A = 120W-2W²
Critical point is where A' is 0
A' = 120-4W
0 = 120-4W
120=4W
30=W, L+2(30)=120, L+60=120, L=60
You have a rectangle 30x60 (1800) with one 60' riverbank.