\documentclass[10pt]{article}
\usepackage{times}
\usepackage{graphicx}

\begin{document}

I will paste a graphic after this text:

\begin{figure}
  \caption{A sample figure \label{samp_fig}}
  \includegraphics[width=5cm]{sample}
\end{figure}

And here is more text.

\end{document}