A noise-corrupted image often requires interpolation. Given a linear denoiser and a linear interpolator, when should the operations be independently executed in separate steps, and when should they be combined and jointly optimized? We study joint denoising / interpolation of images from a mixed graph filtering perspective: we model denoising using an undirected graph, and interpolation using a directed graph. We first prove that, under mild conditions, a linear denoiser is a solution graph filter to a maximum a posteriori (MAP) problem regularized using an undirected graph smoothness prior, while a linear interpolator is a solution to a MAP problem regularized using a directed graph smoothness prior. Next, we study two variants of the joint interpolation / denoising problem: a graph-based denoiser followed by an interpolator has an optimal separable solution, while an interpolator followed by a denoiser has an optimal non-separable solution. Experiments show that our joint denoising / interpolation method outperformed separate approaches noticeably.