A number divisible by 4 formed using the digits 1,2,3,4 and 5 should have the last two digits 12 or 24 or 32 or 52.
In each of these cases, the five digits number can be formed using the remaining 3 digits in 3!=6 ways.
A number divisible by 4 can be formed in 6×4=24 ways
Total number of 5-digit numbers that can be formed using the digits 1,2,3,4 and 5 without repetition =5!=120
Required probability =24120=15