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(1/2) of the number is 3 more than (1/6)of the same number?

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TCS Other Question

Each letter in the sum stands for different digit. What number is represented by Baby?

P A Y
P A Y
P A Y
-----------------------------------
B A B Y

if P is assigned a value say 5, where ever P comes, it will have the value 5 only.. similarly for other digits.
By using 1,2,3,4,5,how many 5 digit number can be formed which is divisible by 4 and repitition of the number is allowed?