To find out how much tape Eric will need to wrap 1 present, we can substitute \( p = 1 \) into the equation:
\[ t = 4p + 1 \]
Substituting \( p = 1 \):
\[ t = 4(1) + 1 \]
This simplifies to:
\[ t = 4 + 1 = 5 \]
Therefore, Eric will need 5 centimeters of tape to wrap 1 present.